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The technology war between China and the US has intensified. In recent months, the US has banned the shipment of NVIDIA and AMD’s high-performance graphics processors to China
The technology war between China and the US has intensified. In recent months, the US has banned the shipment of NVIDIA and AMD’s high-performance graphics processors to China and announced a major fund to move production to China.
The fund that the Joe Biden administration is preparing has now reached its final stage. Applications from technology companies for the fund were activated as of February 28, 2023. Let’s take a look at the details that will escalate the war and shape the years to come.
The US Department of Commerce has announced that applications for the CHIPS program, which will restrict the activities of US chip makers on the territory of China, are open from February 28, 2023. In the first round of filing, protection of taxpayers’ money and The United States will be able to promote the development of national security goals. will give priority to those who want to establish domestic chip production facilities.
Certain terms will be pursued for companies seeking more than $150 million in funding under the program. If these companies provide childcare for construction and factory workers, limit share buybacks and are ‘more profitable than expected’ share part of their profits with the government will need. In addition, companies will employ trade unionists.
The government plans to open additional funding rounds in the spring and autumn to invest more in chip-making materials and research facilities.
The United States Department of Commerce and the government passed the Chip and Science Act, known as “CHIPS” for short, on July 28, 2022. While the law has a total fund of $280 billion, this fund is $39 billion It would be reserved for US chip makers.
US Secretary of Commerce Gina Raimondo also pointed out that tech companies that will benefit from CHIPS will be under scrutiny. Raimando stated that they would not allow the money to be used to invest in China, saying advanced technology development studies could not be done in China.
It will be applied to companies that are part of the fund.advanced technologyThe ban on establishment will be introduced for 10 years. The companies included in the fund only have their existing factories in China, Able to expand to serve the Chinese market.
Source: Web Tekno
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.
