Lawmakers Push to Invest Billions in Semiconductor Industry to Counter China - News Summed Up

Lawmakers Push to Invest Billions in Semiconductor Industry to Counter China


Though the election is fast approaching, officials in the Trump administration have only just begun to implement that plan. Mr. Trump also waged a prolonged trade war against China — placing tariffs on hundreds of billions of dollars of Chinese goods, including high-tech ones — as he pressed the country to sign a so-called Phase 1 trade deal. But the administration has done little to build up other companies that could compete with Huawei and other Chinese technology leaders. That plan is contingent on securing funding from Congress, which would likely come through the bill introduced this week. In a meeting at the White House last Thursday, senior officials discussed incentives that could bring chip manufacturers onshore.


Source: New York Times June 11, 2020 20:48 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */