EU’s Chips Act Said to Get Approval on April 18, Likely to Cut EU’s Reliance on US and Asian Semiconductors

EU’s Chips Act Said to Get Approval on April 18, Likely to Cut EU’s Reliance on US and Asian Semiconductors

ByNews Polite

The European Union’s EUR 43 billion (nearly Rs. 3,84,120 crore) plan to boost its semiconductor industry and catch up with the United States and Asia is likely to get the green light from EU countries and lawmakers on April 18, people with direct knowledge of the matter said on Wednesday….

US President Joe Biden Signs Order for Implementation of CHIPS Act, Forms Council for Policy Development

US President Joe Biden Signs Order for Implementation of CHIPS Act, Forms Council for Policy Development

ByNews Polite

US President Joe Biden signed an order to implement the 2022 CHIPS Act on Thursday. The executive order will ensure subsidy for manufacturing semiconductor chips in the US. The US government’s implementation plan worth $52.7 billion (nearly Rs. 4,21,000 crore) aims at encouraging chip manufacturing and research in the country….

China Claims US CHIPS And Science Act Will Disrupt International Trade, Distort Global Semiconductor Supply Chains

China Claims US CHIPS And Science Act Will Disrupt International Trade, Distort Global Semiconductor Supply Chains

ByNews Polite

China on Wednesday criticized a US law to encourage processor chip production in the United States and reduce reliance on Asian suppliers as a threat to trade and an attack on Chinese business. The law signed this week by President Joe Biden promises $52 billion (roughly Rs. 4,11,300 crore) in grants and other aid…