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- United States
- European Union
- government subsidies
The industry subsidy programs of China, the United States, and the European Union are collectively bigger than the GDP of four-fifths of the world’s nations. International institutions argued they pose a particular problem for smaller economies, which cannot begin to match them.
Switzerland has so far refused to strengthen scientific cooperation with Taiwan, citing respect for the One China policy and fearing economic repercussions from Beijing.
On Thursday, the U.S. government broadened its crackdown on China’s chip industry by adding memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip sector to a Commerce Department trade blacklist.