US lawmakers, citing China, press for US$52 billion in subsidies to build chip factories in America

Source: China – South China Morning PostA bipartisan group of US lawmakers – most of them sounding alarms over China’s competitive threat – called on Thursday for passage of a bill to provide billions of dollars in funding for domestic production of semiconductor chips.The Problem Solvers Caucus – comprising 58 lawmakers in both congressional chambers, evenly split between Republicans and Democrats – cited mainland China’s growing semiconductor production capacity and the possibility that Beijing might invade Taiwan as urgent…Read More

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