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US government warns China to play fair in the chip market
CIO: A battle between the U.S. government and China is now brewing in the market for semiconductors, the foundation of electronics.
The U.S. alleges that China is rigging the semiconductor market in its favor by indulging in unfair trade practices.
"This unprecedented state-driven interference can distort the market and undermine the innovation ecosystem," Penny Pritzker, U.S. secretary of commerce, said during a Wednesday event organized by the Center for Strategic and International Studies.
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