WASHINGTON/SAN FRANCISCO/TAIPEI (June 13): China's semiconductor industry is showing signs of flourishing even in the face of Biden administration efforts to counter its growth, raising alarm bells in Washington. President Joe Biden then inherited a set of rules aimed at restricting some Chinese companies' access to technology. Some US chipmakers have expressed concerns that Chinese companies are paying above-market rates to obtain the machinery. If at any point we found evidence of preferencing Chinese companies, then we would take action to address it immediately." The major US chip-equipment makers, which may receive federal chip funding, are still unlikely to give up the Chinese market willingly.

Source: The Edge Markets June 14, 2022 03:29 UTC