The Philippines and China agreed to seek common ground and find ways to cooperate despite their disagreements in the South China Sea, their foreign ministries said on Thursday, as heated rows persist over vessels deployed around disputed features.

China will investigate allegations that the US dumps lower-end chips and unfairly subsidizes its own chipmakers, in potentially one of Beijing’s strongest retaliatory moves against American technology sanctions.

Beijing investigating claims of unfair competition in mature semiconductors The "chip wars" between the US and China show no sign of cooling off as Beijing prepares to examine whether America is unfairly subsidizing its own semiconductor companies.

Beijing has accused US companies of having an "unfair competitive advantage." "Companies have been exporting related mature-process chip products to China at low prices, harming the legitimate interests of the domestic industry,