Illustrations: Perry Tse
Illustrations: Perry Tse

As US aids semiconductor industry, billionaire-backed tech fund enters spotlight

  • America’s Frontier Fund, supported by a former Google CEO, raises watchdogs’ concerns over how government investment will be steered to private companies
  • The Chips Act, meant to spur the US semiconductor industry, could end up handing ‘a lot of political power’ to a small number of billionaires, they warn

Illustrations: Perry Tse
Illustrations: Perry Tse
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