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China’s Ministry of Commerce announced an anti-dumping
investigation into certain analog IC chips imported from the
U.S. The investigation will target some commodity interface IC
chips and gate driver IC chips, which are commonly made by U.S.
companies such as Texas Instruments and ON Semiconductor.
The ministry separately announced an anti-discrimination probe
into U.S. measures against China’s chip sector.
U.S. Treasury Secretary Scott Bessent is set to meet Chinese
Vice Premier He Lifeng in Madrid between Sunday and Wednesday,
He’s office said.
U.S. measures such as export curbs and tariffs “constitute the
containment and suppression of China’s development of high-tech
industries” such as advanced computer chips and artificial
intelligence, a Chinese commerce ministry spokesperson said.
The announcements of the probes follow the U.S. on Friday adding
23 Chinese companies to an “entity list” of businesses that will
face restrictions for allegedly acting against U.S. national
security and foreign policy interests. The list includes two
Chinese companies accused of acquiring chipmaking equipment for
major Chinese chipmaker SMIC.
The meetings between Bessent and He in Madrid will be the latest
in a series of negotiations aimed at reducing trade tensions and
postponing the enactment of higher tariffs on each other’s
goods.
U.S. and Chinese counterparts previously held discussions in
Geneva in May, London in June and Stockholm in July. The two
governments have agreed to several 90-day pauses on a series of
increasing reciprocal tariffs, staving off an all-out trade war.
Bessent described the talks during the last round in Stockholm
as "very fulsome."
“We just need to de-risk with certain, strategic industries,
whether it’s the rare earths, semiconductors, medicines, and we
talked about what we could do together to get into balance
within the relationship,” Bessent said at the time.
U.S. President Donald Trump and former President Joe Biden
placed curbs on China’s access to advanced semiconductors
including restrictions on the sale of chipmaking equipment to
the country. While Washington cites national security concerns,
China argues the curbs are part of a U.S. strategy to contain
its growth.
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