The US and China standoff about Semiconductors
In the 1990s the US accounted for 37% of global chip production. Today that metric has plummeted to 12%. In October the Biden Administration introduced tough export measures against China to stem the flow of advanced technology. And the 2022 CHIPS Act earmarks $280 billion over 10 years to boost R&D, onshore chip plant construction and STEM education to regain a leading role in the Semiconductor industry. Is it enough ?
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