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China Claims US CHIPS And Science Act Will Disrupt International Trade, Distort Global Semiconductor Supply Chains Global Online Money

August 11, 2022
Source: globalonlinemony.com globalonlinemony.com
News Snapshot:
China on Wednesday criticized a US regulation to encourage processor chip manufacturing in america and cut back reliance on Asian suppliers as a menace to commerce and an assault on Chinese language enterprise. The regulation signed this week by President Joe Biden guarantees $52 billion (roughly Rs. 4,11,300 crore) in grants and different assist to buyers in US chip factories. It responds partly to warnings that provides could be disrupted if China assaults Taiwan, which produces as much as 90 p.c of high-end chips. China’s ruling Communist Get together claims the self-ruled island as a part of its territory. The...
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Tags: America | Beijing | Biden | Business | China | Chinese | chip | chips | communist | coronavirus | digital | enterprise | finance | financial | international | IT | manufacturing | military | Navy | Pandemic | semiconductor | supply chain | Taiwan | United States | USA

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