Reported about 12 hours ago
China has initiated a probe into allegations that the US is unfairly subsidizing its chip manufacturers and dumping lower-end chips on the market. The investigation stems from complaints by Chinese chipmakers about the US Chips Act, which offers substantial funding to attract firms like Taiwan Semiconductor Manufacturing Co. to establish production facilities in the US. The Chinese government is considering whether these actions violate global trade agreements and how they impact the global semiconductor supply chain.
Source: YAHOO