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China to launch $40 billion semiconductor chip fund to counter Biden tech war

China is expected to launch a state-backed investment fund providing more than $40 billion to the country's semiconductor manufacturing industry to counter the policies implemented by the United States to favor domestic manufacturers.
United States Joe Biden Commerce Department China Development Bank Capital European Union China National Tobacco Corporation

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Opinion | US-China tech war: semiconductors at heart of competition driving world towards new cold war

With technological supremacy of paramount importance in both Washington and Beijing, the global race for semiconductors is certain to intensify. The current tensions between the US and China indicate that a second cold war has begun, with semiconductors being at the heart of it.
United States China Foreign Ministry Mao Ning Foreign Ministry Tech War Export Controls
Source: scmp.com

BBCNEWS Asia Business Report June 4, 2024 01:30:00

The us unveils its longs awaited order limiting certain american investments in chinas tech sector. and we look at how sri lankas economy is making a come back thanks to its tourism industry. hi there. welcome to asia business report. our top story for you this morning. us presidentjoe biden has slapped new restrictions on american investments in chinese hi—tech sector. the long awaited executive order targets industries like semi—conductors and artificial intelligence. its expected to come ...
China S Sri Lanka Tech Sector Tourism Industry Come Back Thanks Presidentjoe Biden

Tech war: new US investment curbs to have limited impact on China's targeted semiconductors, quantum computing and AI sectors, analysts say

The Biden administration’s latest executive order is not expected to significantly impact China’s semiconductors, quantum computing and artificial intelligence sectors.
United States Investment Restrictions Joe Biden Argeted Tech Sectors In China Emiconductors And Microelectronics Quantum Information Technologies
Source: scmp.com

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