US President Joe Biden holds a chip as he speaks prior to signing an executive order aimed at addressing a global semiconductor shortage, in the State Dining Room at the White House in Washington on February 24. Photo: Reuters
US-China tech war: basic research in AI, semiconductors and biotech gets closer to US$110 billion boost in US
- The US Senate Commerce Committee authorised US$110 billion in spending over five years on basic research in several areas, including quantum computing
- China’s 14th five-year plan calls for basic research spending to reach 8 per cent of total R&D expenditures, without specifying an amount of money
US President Joe Biden holds a chip as he speaks prior to signing an executive order aimed at addressing a global semiconductor shortage, in the State Dining Room at the White House in Washington on February 24. Photo: Reuters
