[Andrew Sheng] The promises and perils of the tech war
newscatcher
2023-07-17 21:35
[Andrew Sheng] The promises and perils of the tech war
How well or badly is the US-China chip war going?After the Biden administration announced its industrial strategy to revitalize domestic manufacturing, create jobs, strengthen American supply chains and accelerate future industries, the CHIPS and Science Act of 2022 will give as much as $280 billion over the next decade to support US semiconductor chip industry.Goodbye free markets, hello industrial policy. The outcome of the US-China rivalry hinges on the technology edge and how to use such technology.

https://n.news.naver.com/mnews/article/044/0000248261?sid=104

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