China rejects the US's exclusion of semiconductor firms from its "validated end-user" list.

Chinese authorities on Saturday expressed their opposition to the U.S. government's recent decision to cancel the "validated end-user" (VEU) authorization for three semiconductor companies operating in China, and demanded that the United States immediately reverse this measure, which Beijing considers inappropriate.
"China has been informed that the U.S. Department of Commerce has removed Intel Semiconductor (Dalian) Co., Ltd., Samsung China Semiconductor Co., Ltd., and SK Hynix Semiconductor (China) Ltd. from the VEU list," a spokesperson for China's Ministry of Commerce said in a statement reported by state news agency Xinhua.
In this regard, the Chinese government representative emphasized the profound globalization affecting the semiconductor sector, which, he explained, is the result of decades of evolution within a highly interconnected ecosystem, as well as the influence of the market and corporate decisions.
From China's perspective, Washington's decision is motivated solely by its own interests. Beijing has denounced the US government's ban as turning export controls into a political instrument that could have significant negative impacts on the stability of the sector's production and supply chains worldwide. For this reason, the Chinese government has firmly spoken out against such action.
Along these lines, the Asian giant has urged the North American country not only to reverse its measures, but also to preserve the security and stability of industrial and supply chains globally.
Thus, the Chinese spokesperson assured that the national government will take the necessary measures to protect the legitimate rights and interests of its companies.
In this context, China's top trade representative called for stronger dialogue and cooperation with the United States during an official visit to Washington this week. China's goal, according to a statement released by the Ministry of Commerce, is ultimately to promote stable and sustainable growth in bilateral economic relations.
eleconomista