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US chips in another bill in its zero-sum game: China Daily editorial – Opinion – Chinadaily.com.cn

July 29, 2022
Source: chinadaily.com.cn chinadaily.com.cn
News Snapshot:
Photo taken on March 28, 2022 shows the Capitol building in Washington, DC. [Photo/Xinhua] The United States Senate passed a bill on Wednesday aimed at boosting semiconductor chips production in their country, which is expected to clear the House of Representatives this week. It now goes to President Joe Biden, who will sign it into law. The "CHIPS for America Act", short for the Creating Helpful Incentives to Produce Semiconductors for America Act, looks like a natural, legitimate government response to the global chips shortage that is also pestering US industries and blamed as a contributor to inflationary pressures there....
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