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Japan wants TSMC, Sony to build 20 nanometre chip plant -Nikkan Kogyo
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TechnologyBeijing says it rejects pending U.S. legislation to counter China
Reuters
1 minute read
Chinese Foreign Ministry spokesman Zhao Lijian attends a news conference in Beijing, China September 10, 2020. REUTERS/Carlos Garcia Rawlins
China s foreign ministry spokesman Zhao Lijian said on Wednesday it rejected a pending U.S. bill to counter China, and that Beijing would safeguard its own interests.
U.S. Senate Democratic Leader Chuck Schumer unveiled revised bipartisan legislation last week to approve $52 billion to significantly boost U.S. semiconductor chip production and research over five years to better compete with China. read more
Big and bold A couple of weeks back an emergency funding proposal was brought forward by US Senate Democratic Leader Chuck Schumer that will approve $52 billion in spending to significantly boost US semiconductor chip production and research over five years.
With bipartisan support this proposal will be included in a much bigger bill that is set to approve $120 billion of spending on basic US and advanced technology research in a bid to better compete with China.
Schumer said that with US manufacturers suffering badly from the on-going chip shortage it was critical that the economy didnât continue relying on foreign processors. âThis amendment will make sure that we don t have to, he said.
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