On the afternoon of March 21, the Ministry of Commerce held a regular press conference. According to media questions, the US Biden administration is preparing to provide chip companies such as Intel, TSMC, and Samsung each with billions of dollars in subsidies and loans to help them expand production in the US. Some analysts point out that the US is doing this to reduce its dependence on the industrial chains of mainland China and Taiwan in terms of semiconductor supply. May I ask if a Ministry of Commerce spokesperson is concerned that China's semiconductor production capacity will be replaced? In response, Ministry of Commerce spokesman He Yadong said that the semiconductor industry is highly globalized. After decades of development, it has formed a “you have me, I have you” industrial pattern. This is the result of a combination of resource endowments and market rules. He Yadong said that for some time now, the US side has generalized the concept of national security and abused export control and other measures to artificially split the global semiconductor industry chain. The US side provides huge subsidies and tax benefits to the local chip industry. Some provisions force companies to abandon China and go to the US. They are clearly discriminatory, seriously violate market laws and international economic and trade rules, and will distort the global semiconductor industry chain. He Yadong stressed that China is committed to expanding a high level of opening-up to the outside world, and welcomes semiconductor companies from various countries to invest and cooperate in China to jointly contribute to the stable and healthy development of the global semiconductor industry chain. (Global Network)