US creates high-tech global supply chains to blunt risks tied to China

Quick Summary:

The core elements of the plan include getting foreign companies to invest in chipmaking in the US and finding other countries to set up factories to finish the work.

It wants to blunt security concerns involving China, which is growing its chip manufacturing while making threats against Taiwan, a global centre of chip technology.

And going it alone would not recognise the reality that technology today is much more diffused globally than it was a few decades ago, with various countries playing important roles in the chip supply chain.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaCosta RicaIndiaIndonesiaJapanKenyaSouth KoreaMexicoNetherlandsPanamaPhilippinesTaiwanThailandUkraineUnited StatesVietnam

Topics: Chips Technology Manufacturing Companies Chip Supply Administration Factories Countries China Chain

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-14 @ 11:00:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1452 words

Reading Time: 9 minutes read

Sentences: 57 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21604402

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