Posted on Aug 10, 2022
China criticizes US chip law as threat to trade
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China on Wednesday criticized a U.S. law to encourage processor chip production in the United States and reduce reliance on Asian suppliers as a threat to trade and an attack on Chinese business.
The law signed this week by President Joe Biden promises $52 billion in grants and other aid to investors in U.S. chip factories. It responds in part to warnings that supplies might be disrupted if China attacks Taiwan, which produces up to 90% of high-end chips. China's ruling Communist Party claims the self-ruled island as part of its territory.
The law signed this week by President Joe Biden promises $52 billion in grants and other aid to investors in U.S. chip factories. It responds in part to warnings that supplies might be disrupted if China attacks Taiwan, which produces up to 90% of high-end chips. China's ruling Communist Party claims the self-ruled island as part of its territory.
China criticizes US chip law as threat to trade
Posted from abcnews.go.com
China
International Trade
Taiwan
Technology
Posted >1 y ago
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PO1 William "Chip" Nagel
..."The “CHIPS and Science Act” calls for research spending that would total about $200 billion over 10 years, according to the Congressional Budget Office.
The Communist Party has spent tens of billions of dollars developing China’s own chip production industry. Its factories make low-end chips for autos and other products but cannot supply high-end smartphones and other devices."
..."The “CHIPS and Science Act” calls for research spending that would total about $200 billion over 10 years, according to the Congressional Budget Office.
The Communist Party has spent tens of billions of dollars developing China’s own chip production industry. Its factories make low-end chips for autos and other products but cannot supply high-end smartphones and other devices."
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SGT Brad J Admire
China stole most of tech, anyway. It's a shame we let the get so far ahead and let them have a monopoly on the industry.
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