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China’s Chipmaking Power Grows Despite US Effort to Counter It

A flood of machinery heading to China draws attention as the US struggles to bolster its domestic chip industry.

Bloomberg business news
Congress Can't Delay the Chips Act, Raimondo Says

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 58% in 2021, making it the biggest market for those products for a second year running, according to data provided by industry body Semi.