U.S. chip subsidy effort faces pushback over China issues Reuters 1 hr ago © Reuters/Pichi Chuang A 12-inch wafer is seen at Taiwan Semiconductor Manufacturing Co. in Hsinchu
By Stephen Nellis, David Shepardson and Michael Martina
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WASHINGTON (Reuters) - A series of amendments for a $190 billion U.S. Senate bill aimed at countering China s technology challenge are in limbo after business groups protested proposals intended to ensure that none of the money finds its way to China or other U.S. rivals.
New regulations or reviews of investments or deals in China could disrupt U.S. businesses future operations in that country, which include semiconductors and medical equipment. The bilateral trade deficit has run more than $100 billion a year since 2002.
U S chip subsidy effort faces pushback over China issues
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U S plays down prospect of North Korea initiative at Moon summit
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South Korea s Moon to be second leader and second Asian welcomed by Biden Reuters 1 hr ago
By Jarrett Renshaw and David Brunnstrom
WASHINGTON, May 21 (Reuters) - South Korean President Moon Jae-in on Friday will become the second world leader welcomed by President Joe Biden at the White House, and the second from Asia, a sign of the importance Washington attaches to the region as it seeks to counter China s influence.
As well as the perennial North Korea nuclear issue, the allies will discuss regional security more broadly, cooperation in high-tech industries such as microchips, efforts to contain the coronavirus pandemic and ways to strengthen action on climate change.