News Snapshot:
President Joe Biden has appealed for a big cash infusion to America's semiconductor industry amid an acute chip shortage, including in India, and fears that China might overtake the US in this critical technology. Semiconductor chips function as the brains of cars, medical equipment, household appliances and electronic devices. In January, President Biden touted a USD 20 billion investment by American technology company Intel to build a semiconductor factory in Ohio to address a global shortage that has been exacerbated by the COVID-19 pandemic and the US-China trade war. In his first State of the Union address on Tuesday, Biden...
