The US still leads the world in chip design, but it has largely ceded the manufacturing of semiconductors – vital to products from smartphones to cars and trucks – to companies in Taiwan, South Korea, Japan and mainland China.
But US President Joe Biden is now looking to provide US$50 billion in funding for semiconductor production and research to address a global shortage that has idled carmakers worldwide and affected producers of other electronic devices and to match China’s own investments into shoring up the semiconductor supply chain. His proposed legislation has bipartisan support from Congress.
To read the full article by the South China Morning Post, please click here.