Watch This | The sword of American interests: 'The Chips and Science Act'
Video provided by Sichuan Agricultural University
On March 1st, news about the funding conditions of commercial manufacturing facilities under the US "Chips and Science Act" instantly turned hot. Most of the attention was paid to the "middleman" - South Korea, which is closely related to China in the chip industry while is afraid to go against the intentions of US politicians. In general, however, South Korea's resistance to the subsidy terms is enough to show that the US will face a huge challenge in trying to safeguard its own interests while persuading its allies to cooperate to counter China.
Even though the US has claimed to compete with China, China will never be afraid, and any form of competition should be fair and rule-based. The US has always shouted for "free trade," but the introduction of the "Chips and Science Act" and the use of state power to suppress Chinese enterprises is 100% unilateralism and self-interest, violating the WTO rules, seriously disrupting the stability of the international industrial and supply chains, and going against the spirit of "free trade". This stands in stark contrast to China's pursuit of fair and rule-based competition.
Ironically, the US used to portray itself as the "leader in safeguarding rights", but today, it has shed all pretenses and is not even willing to use tricks, only resorting to brazenly seizing what it wants. Instead of being a contributor, the US is actually a destroyer of international rules, wielding the "sword" of chip industry development to stab not only China, South Korea, and other countries, but also itself!