Swanson noted that global semiconductor companies are finding themselves in an extremely tricky position as they try to straddle a growing rift between the United States and China. Overall, China accounts for roughly a third of global semiconductor sales. Even when chips are manufactured in the United States, they are often sent to China for assembly and testing, said the NYT. But these facilities will likely take years to construct, meaning any changes to the global semiconductor market will unfold gradually. "We urge solutions that protect national security, avoid inadvertent and lasting damage to the chip industry, and avert future escalations", according to the NYT.

Source: New York Times July 24, 2023 05:58 UTC