News Snapshot:
Washington: The United States has launched a solid effort to thwart China’s move for dominance in the semiconductor sector. Hence, the US Senate has approved the ‘CHIPS Act’, enabling it to invest in the semiconductor sector extensively. After this approval, the bill will be sent to the House of Representatives, as informed by the sources in Congress. This is the second time in six months that the US Congress has passed a special bill to curb China’s ambitions in the technology sector. Earlier in February, the ‘America Competes Act of 2022’ bill was approved. Moreover, China is known as the...
