US firms command about 50 per cent of the global semiconductor market. Photo: Reuters

US semiconductor firms call for more backing from Washington to stay ahead of advancing China

  • Congress asked to triple government spending on new designs and materials to boost chip performance
  • Chips are critical for American economy, defence and technological leadership, companies say in report to Congress
Topic |   Made in China 2025

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US firms command about 50 per cent of the global semiconductor market. Photo: Reuters
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