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China's semiconductor industry is showing signs of flourishing even in the face of Biden administration efforts to counter its growth, raising alarm bells in Washington. Chinese orders for chip-manufacturing equipment from overseas suppliers rose. ....
President Joe Biden’s blueprint for the U.S. semiconductor industry marks an ambitious effort to set industrial policy for a critical sector of the economy, but the strategy will need more money and global support to take back chip supremacy and preempt a rival effort from China. ....
The White House has outlined a sweeping plan to secure the conduits for critical products from medicines to chips, responding in part to the growing economic and political sway of China. ....