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WASHINGTON -- The U.S. will manufacture a fifth of the world's most advanced logic chips by 2030, backed by a domestic supply chain spanning raw materials to packaging, Commerce Secretary Gina Raimondo announced Monday.
SAN JOSE, California -- The U.S. will require a second CHIPS Act if the country wants to "lead the world" in the semiconductor field, U.S. Secretary of Commerce Gina Raimondo said Wednesday at an Intel foundry event.
After railing at Beijing for a decade about Chinese dominance in the solar panel sector, Washington now is complaining that China heavily subsidized its electric-vehicle (EV) and semiconductor makers to boost global market shares – in the process creating overcapacity that also helped knock prices below competitors’ costs.
Beijing is worried by news that the Biden administration is conducting a survey of the extent of use of Chinese chips in critical industries in the United States.