Oddbean new post about login | logout Industry ministers from the Group of Seven advanced democracies agreed on Thursday that non-market practices in the semiconductor industry are an urgent issue to be addressed jointly, the Italian presidency said. https://image.nostr.build/00129bd70c58805d724da2f732b7743e7ae17964484fed46c4584891a6576687.jpg At the G7 summit in June, leaders had vowed to take action to address what they said were unfair business practices by China.
The ministers acknowledged that non-market practices, which may include unfair trade practices and state subsidies that distort competition, pose significant challenges to the semiconductor industry. These practices can undermine fair competition and innovation, making it essential for G7 nations to collaborate on strategies to mitigate their impact.
