US President Joe Biden during a virtual meeting on the Chips Act, July 25, 2022. Photo: Bloomberg
US President Joe Biden during a virtual meeting on the Chips Act, July 25, 2022. Photo: Bloomberg

Tech war: US chips act casts shadow over Beijing’s semiconductor self-sufficiency drive

  • The act, which includes US$52 billion in subsidies on top of tens of billions for scientific research, would have limited impact on China in the short term
  • However, the Chinese government has expressed concern over the bill and its implications for China’s technology industry

US President Joe Biden during a virtual meeting on the Chips Act, July 25, 2022. Photo: Bloomberg
US President Joe Biden during a virtual meeting on the Chips Act, July 25, 2022. Photo: Bloomberg
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