A “chip war” broke out between the US and China!

signed by US President Joe Biden The chip and the law of sciencewill help the industry by $280 billion. However ABDwants to close factories in countries that pose a “threat to national security,” such as China. Chinese on the other hand, believes that the US is violating global trade principles with the new chip law.

China attacks US over new chip law

The United States took the first step against the semiconductor chip crisis the other day. The country, which is trying to increase technological competition against China, has $52 billion in semiconductors. $280 billion in sector support will give This situation seems to have angered trade associations in China.

The Chinese government has long said the US chip law would create unfair competition. He said the $280 billion support would not solve the global chip supply and would even break the chain even further. China’s Ministry of Commerce said it will take measures to protect China’s rights and interests.

Biden signed it!  $280 billion in US support for the chip crisis

Biden signed it! $280 billion in US support for the chip crisis

The chip law in the US is finally taking effect. The new law, which aims to solve the semiconductor crisis, will provide companies with $280 billion in support.

The new law passed by Biden aims to increase the US market share in chip manufacturing from 2% to 10% over the next 10 years. However, the US says that companies that will receive subsidies must leave China.

“America invented the semiconductor, but today it produces about 10 percent of the world’s supply and none of the most advanced chips. “Instead, we rely on East Asia for 75 percent of the world’s production,” he said.

China Council for International Trade Development ve China International Chamber of Commerce He said action should be taken against this decision. Saying they do not accept U.S. power against semiconductor companies, the chambers stressed they will work with international companies.

The US main Intel, GlobalFoundries ve Micron expected to pay companies such as those with production lines in China Samsung ve of TSMC It is not yet clear whether they will benefit from these subsidies.

So what do you think about the US-China chip crisis? You can share your opinion with us in the comment section.

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