China News Service, Beijing, August 11 (Sweet) US President Biden signed the "Chip and Science Act" with a total value of 280 billion US dollars on the 9th, providing huge subsidies to the domestic chip industry in the United States, so as to improve the United States. Competition in the field of technology force.
Analysts believe that this "core" wish list of the Biden administration, in the name of the US economy, is actually pointing at China again, and it is difficult to conceal discrimination and exclusionary intentions and implement "political coercion".
At the regular press conference of the Chinese Ministry of Foreign Affairs on the 10th, spokesman Wang Wenbin has pointed out that how the United States develops itself is the United States' own business, but it should comply with the relevant rules of the WTO, comply with the principles of openness, transparency and non-discrimination, and help maintain the global industrial chain. , The supply chain is safe and stable, and should not set obstacles to normal economic, trade and scientific and technological exchanges and cooperation between China and the United States, and should not harm China's legitimate development rights and interests.
Sino-US economic, trade and scientific and technological cooperation is conducive to the common interests of both sides and the common progress of mankind, and "decoupling" of restrictions will only harm others.
Data map: On August 9, local time, US President Biden signed the "Chip and Science Act" at the White House.
Photo by China News Agency reporter Chen Mengtong
Biden's "chip" wishes - the future chip industry is made in the United States
"This is a once-in-a-lifetime investment in the United States." Biden declared in his speech before signing the "Chip Act" that "the future chip industry will be made in the United States."
The "Chip Act" is more than 1,000 pages long, and specific measures include providing tax credits for investing in semiconductor manufacturing, requiring any chip company that receives US government funds to develop and manufacture in the United States.
Among them, the high subsidy of 52.7 billion US dollars has attracted much attention:
The "US Chip Fund" has a total of 50 billion US dollars, of which 39 billion US dollars are used to encourage chip production and 11 billion US dollars are used to subsidize chip research and development;
The "U.S. Chip Defense Fund" totals $2 billion to subsidize the production of critical chips related to national security;
The "US Chip International Technology Security and Innovation Fund" totals $500 million to support the establishment of a safe and reliable semiconductor supply chain;
· The "American Chip Workforce and Education Fund" is a total of $200 million to cultivate talents in the semiconductor industry.
It is worth noting that the "Chip Act" also implies a "competition with China" clause.
The Wall Street Journal reported that the bill stipulates that if a semiconductor company building a factory in the United States also builds or expands advanced semiconductor manufacturing plants in China or other potentially "unfriendly countries", the company will not receive subsidies from the bill.
Why is the U.S. government spending so much money on semiconductor manufacturing?
What is the plot behind the "chip hegemony"?
Liu Weidong, a researcher at the American Institute of the Chinese Academy of Social Sciences, pointed out in an interview with a reporter from Chinanews.com that the United States hopes to maintain its own technological advantages, impose more restrictions on the circulation of chips, and win over other countries to prevent China from obtaining more advanced chip products and technologies.
At the same time, the United States wants to use the chip industry to achieve other purposes under the "chip hegemony", thereby implementing "political coercion".
Data map: The Smithsonian National Air and Space Museum released a set of photos showing pictures related to the Apollo mission.
Pictured is a photo of the microstructure of the two-, three-element or NOT gates inside the silicon chips used in Apollo.
US stocks "core" panic - "decoupling" will disrupt the global supply chain
So, can the US government's "chip bill" boost the US economy as it wishes?
The reality is a bit "slapped in the face": with the news of Biden signing the chip bill, the three major U.S. stock indexes still closed collectively on the 9th, and chip stocks fell even more.
At present, the United States is facing a shortage of chips, and industries such as automobiles, home appliances, and weapons are all affected. Thousands of cars and trucks are parked in southeastern Michigan waiting for chips.
Experts pointed out that the construction of new factories will take years, and the bill is difficult to solve.
In addition, there are also doubts about how fast the Biden administration can inject funds into the economy and whether the U.S. federal level can ultimately raise huge financial subsidies.
Liu Weidong said that for companies, what can really affect their sales behavior is the market.
The Biden administration is now explicitly adding political factors, hoping to use its hegemonic position to coerce companies to "choose sides", which will only disrupt the global supply chain.
The Center for Strategic International Studies, an American think tank, also pointed out that in the complex and highly interdependent global value chain, Chinese and American semiconductor companies have been deeply integrated. If the supply chain is to be completely localized, it will cost huge economic and technical costs.
Therefore, a complete "decoupling" of the global semiconductor industry is highly impractical.
Data map: On June 11, local time, a car owner refueled his vehicle at a gas station in San Mateo County, California.
The national average gasoline price rose to $5.004 a gallon that day (about 3.7 liters per gallon), according to the American Automobile Association.
This is the first time in U.S. history that the average gasoline price has topped $5, up from $3.077 a year ago.
Photo by China News Agency reporter Liu Guanguan
American-style "core" magic - engaging in "small circles" to harm others and yourself
In order to maintain the U.S. technological monopoly and hegemony, the U.S. government has frequently blocked and suppressed China in the technological field in recent years, trying to block China's "throat".
Unreasonably suppressing Chinese high-tech companies such as ZTE and Huawei, coercing chip giants such as TSMC to invest and set up factories in the United States, and recently tried to form a "chip quadrilateral alliance"...
In this regard, some experts pointed out that the United States has consistently used domestic laws to implement long-arm jurisdiction over the industries of other countries and regions. Such selfish practices will eventually lead to complete bankruptcy.
Some countries have realized that some "cooperation" with the United States is only "giving oneself".
South Korea has been in a tangle recently about whether to join the "Chip Quartet" - Yonhap News Agency said on August 8 that the South Korean foreign ministry has indicated to the US its willingness to participate in the "Chip Quartet" preparatory consultations.
However, South Korea's foreign ministry stressed that South Korea has not yet decided to join.
The Korean industry is also in a state of "unease" over the government's next move.
Now, in the face of a series of "wall-building" and "decoupling" practices by the United States, how should China respond?
Many experts believe that, on the one hand, China's own development is the last word.
Significant progress can only be achieved through self-reliance.
On the other hand, we should promote high-level opening to the outside world and establish closer economic ties with all countries and regions in the world.
The China Council for the Promotion of International Trade and the China Chamber of International Commerce issued a statement on August 10, saying that the "Chip and Science Act" aims to enhance the US's advantages in the chip field and compete unfairly with "any country of its concern", including China, in this field. , will intensify global geopolitical competition in the semiconductor industry and hinder global economic recovery and innovation growth.
At the regular press conference of the Chinese Ministry of Foreign Affairs held on the same day, spokesman Wang Wenbin emphasized that the US bill claims to be aimed at improving the competitiveness of US technology and the chip industry, but it provides huge subsidies to the US domestic chip industry and promotes differentiation. China's industrial support policies, including some provisions restricting the normal investment and economic and trade activities of relevant enterprises in China and the normal scientific and technological cooperation between China and the United States, will distort the global semiconductor supply chain and cause disruption to international trade.
China firmly opposes this.
Wang Wenbin said that the so-called "protective measures" of the law have a strong geopolitical color and are another example of the United States' large-scale economic coercion.
How the U.S. develops itself is up to the U.S., but it should comply with the relevant WTO rules, comply with the principles of openness, transparency and non-discrimination, and help maintain the security and stability of the global industrial chain and supply chain. It should not harm China's legitimate development rights and interests.
Sino-US economic, trade and scientific and technological cooperation is conducive to the common interests of both sides and the common progress of mankind, and "decoupling" of restrictions will only harm others.
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