US Bans ‘advanced Tech’ Firms From Building Facilities In China For 10 Years Chrysora Media


Source: chrysora.com.ng chrysora.com.ng

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" US Bans u2018advanced Techu2019 Firms From Building Facilities In China For 10 Years rrUS technology firms that receive government funding will be banned from building u201cadvanced technology facilitiesu201d in China for a decade, the Biden administration has announced, as it outlined plans to increase domestic production of semiconductors.rrThe requirements come under the US governmentu2019s near-$53bn (u00a346bn) plan to scale up manufacturing of semiconductor chips u2013 the u201cbrainu201d in every electronic device from cars to household appliances u2013 which are predominantly produced in Asia.rrThe US Chips and Science Act (Chips), approved by Congress in August, is part of the American...