The microchip war raging between the US and China

The US has been doing its best to hobble China’s electronic chipmaking industry. Why?

A scientist holds a microchip between their fingers
Microchips: ‘the new oil’?

A new proxy war has been raging behind the scenes between China and the US with Washington doing its best to hobble Beijing’s electronic chipmaking industry.

In his second State of the Union address, Biden praised the CHIPS and Science Act passed last year, which “provides $52 billion in funding to subsidise semiconductor manufacturing in the US and billions in additional funding for emerging technology research and development”, said NextGov.

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