【Abstract】

The introduction of the Competition Act indicates that the competition strategy towards China has gained bipartisan consensus in the United States and has been transformed into a policy. The US strategic philosophy towards China has also evolved from a "trade war" to a "technology war". Intervention in the semiconductor industry and reshaping the supply chain have become the two major grips of the US competitive strategy against China. How can China respond to such a situation? We believe that although the Competition Act is highly ambitious, it will not be easy to implement. The White House proposes to strengthen technological competition with China through its semiconductor industry policy, but this strategic goal runs counter to the commercial interests of the US semiconductor industry: the US semiconductor must rely on international markets, especially the Chinese market, to thrive. As long as China continues to maintain a high quality of openness to the outside world, the impact of the semiconductor industry policy implemented by the US government on China's high-tech industry and diplomacy will ultimately be limited.