US Commerce minister has issue with investment related to semiconductors in China

November 10, 2016 3:27 pm | Updated 4 years ago.

According to Penny Pritzker, U.S. Commerce Secretary, has sent out a warning asking the government to stop investing in China’s semiconductor industry. The warning has been issued as the mentioned industry can damage the global market for integrated circuits. This comment will have an adverse effect as there is a growing tension between the US and other China over allegations related to industrial dumping, industrial over capacity and other major issues related to foreign trade.