Employees make chips at the Jiejie Semiconductor Company in Nantong, Jiangsu province, in this file photo dated March 17, 2021. Photo: AFP Employees make chips at the Jiejie Semiconductor Company in Nantong, Jiangsu province, in this file photo dated March 17, 2021. Photo: AFP
Employees make chips at the Jiejie Semiconductor Company in Nantong, Jiangsu province, in this file photo dated March 17, 2021. Photo: AFP

US-China tech war: China’s investment binge on chip sector unabated as US commerce secretary urges lawmakers to approve funds for similar purpose

  • US Commerce Secretary Gina Raimondo urged approval for US$52 billion in funding for semiconductors as supply chain crunch continues
  • China pushes ahead with its chip sector investments, with latest figures showing local firms received US$6.2 billion in venture capital in January-May period

Topic |   Semiconductors
Employees make chips at the Jiejie Semiconductor Company in Nantong, Jiangsu province, in this file photo dated March 17, 2021. Photo: AFP Employees make chips at the Jiejie Semiconductor Company in Nantong, Jiangsu province, in this file photo dated March 17, 2021. Photo: AFP
Employees make chips at the Jiejie Semiconductor Company in Nantong, Jiangsu province, in this file photo dated March 17, 2021. Photo: AFP
READ FULL ARTICLE