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Just weeks after, Joe Biden, the US president, and Xi Jinping, the Chinese president, met in person to strengthen ties between two of the largest economies in the world.
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China has filed a dispute with the World Trade Organization, further aggravating the conflict between the two nations.
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Japan and the Netherlands will join the US in efforts to tighten chip exports to China. This includes semiconductor giants ASML, Tokyo Electron, and others.
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China's commerce ministry stated that the WTO complaint was legal and necessary for China to protect its "legitimate interests and rights."
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China could not develop or buy advanced semiconductor chips because of the US Department of Commerce.
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The US implemented export restrictions to stop China from using high-end US technology in military applications.
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In 2021, the market for semiconductors was worth more than $500 billion. However, it is expected to reach a trillion-dollar industry by 2020.
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Taiwan remains the global center, holding more than 90% of the global market share for the most advanced versions of the technology.
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