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China criticizes the $52B CHIPS Act, saying the legislation violates fair market principles and targets Beijing's efforts to boost its domestic chip industry (Bloomberg)

Photo of Grace Will Grace Will August 18, 2022
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China criticizes the $52B CHIPS Act, saying the legislation violates fair market principles and targets Beijing's efforts to boost its domestic chip industry (Bloomberg)
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Bloomberg:

China criticizes the $52B CHIPS Act, saying the legislation violates fair market principles and targets Beijing’s efforts to boost its domestic chip industry  —  China lashed out at a $52 billion program to expand American chipmaking, saying the landmark blueprint contains elements …



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