News Snapshot:
Chipmakers China opposed the new US chip law that aims to support the local producers of semiconductors. Chinese Foreign Ministry spokesman Wang Wenbin on Wednesday said that the new Chips and Science Act adopted by the US will disrupt global supply chains and hamper international trade, reported Sputnik. On Tuesday, US President Joe Biden signed into law the USD 52.7 billion Act to support US semiconductor producers and strengthen their positions in competition with China . “The United States stated that the act aims to increase the competitiveness of US technologies and the semiconductor production, however, this act provides huge...
