Source: South China Morning PostThe push by US President Joe Biden to develop the domestic chip industry on US soil, including a special US$50 billion fund, does not pose an immediate threat to China even though Biden has cited the country as a reason for the initiative, analysts say.Biden on Monday highlighted the need for the US to increase spending on semiconductor manufacturing, making a reference to China, in a virtual meeting with tech and auto executives, including Alphabet CEO Sundar Pichai, Intel CEO Pat Gelsinger,…Read More