China Calls Out Us Semiconductor Bill As Anti Competitive
Signed into law on Tuesday, the US Chips and Science Act seeks to boost the country’s semiconductor manufacturing industry and pump investment in research and development, science, and technology. It includes $52.7 billion in subsidies and funds aimed at fuelling the domestic manufacturing sector and strengthening the country’s footprint in emerging sectors, such as nanotechnology, quantum computing, and artificial intelligence (AI). Following US President Joe Biden’s signing of the bill this week, various market players have stepped up to announce plans to invest in the local market....