The $53 billion Chips Act seeks to end the U.S.’s reliance on foreign-made semiconductors, especially those used by the Pentagon. It’s the latest example of the federal government using its cash to remake an industry it sees as crucial to national security.
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https://www.wsj.com/tech/u-s-tightens-curbs-on-ai-chip-exports-to-china-widening-rift-with-u-s-businesses-3b9983dfThe $53 billion Chips Act seeks to end the U.S.’s reliance on foreign-made semiconductors, especially those used by the Pentagon. It is the latest example of the federal government using its cash to remake an industry it sees as crucial to national security.
WASHINGTON—The Biden administration is tightening restrictions on China’s ability to buy advanced semiconductors, fueling friction with U.S. businesses that sell to the vast Chinese market.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
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