China Association of Automobile Manufacturers: Advising Chinese auto companies to purchase US chips cautiously
On December 3, the China Association of Automobile Manufacturers issued a statement saying that on December 2, 2024, the US Department of Commerce announced new export control regulations on the grounds of safeguarding national security, adding 140 Chinese enterprises to the Entity List, and adding more semiconductor equipment, high-bandwidth memory chips and other semiconductor products to the export control. The China Association of Automobile Manufacturers firmly opposes the US government's generalization of the concept of national security and abuse of export control measures to maliciously block and suppress China. This behavior seriously violates the laws of the market economy and the principles of fair competition, undermines the international economic and trade order, disrupts the stability of the global industrial chain, and ultimately damages the interests of all countries. The US government has arbitrarily revised the control rules, which has seriously affected the stable supply of US chip products. The trust and confidence of the Chinese auto industry in purchasing US companies' chip products are being shaken, and US auto chip products are no longer reliable and safe. < b > In order to ensure the safety and stability of the automotive industry chain and supply chain, the association recommends that Chinese auto companies purchase US chips cautiously .