Chinese chipmakers have complained about the U.S. Chips Act, which provides funding of some $39 billion to entice firms like Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. to build high-end chipmaking capacity in America. On Thursday, China’s chip industry body took aim at a cornerstone of the Biden administration’s policy.

China will launch an investigation into U.S. government subsidies to its semiconductor sector at the request of China's mature node chip industry, the commerce ministry said on Thursday. Unlike the cutting-edge chips used to power artificial intelligence,