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 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

Topic |   US-China tech war
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 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
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