Reported about 14 hours ago
The Biden administration has launched a trade investigation into Chinese-made legacy semiconductors, potentially leading to increased U.S. tariffs on chips essential for various everyday products. Scheduled to be handed over to President-elect Trump, the inquiry aims to protect American chip producers amidst concerns over China's state-driven chip industry expansion. The investigation will analyze both the imported chips and their impact on critical U.S. industries. U.S. officials highlight the need for ensuring competitive fairness as China's plans for chip production threaten domestic reliance on foreign components.
Source: YAHOO