Karnataka has emerged as the biggest beneficiary of the Government of India's Electronics Development Fund (EDF), reinforcing Bengaluru's position as the country's leading technology and innovation hub. According to official government data, Karnataka accounted for 90 of the 128 companies supported under the fund, attracting nearly 64% of the total investments. The Electronics Development Fund was launched to strengthen India's domestic capabilities in electronics, semiconductor design, embedded systems, and advanced technologies. The initiative supports startups and early-stage companies working on cutting-edge innovations that are critical to India's long-term technological ambitions.

Karnataka Leads India's Electronics Boom with Biggest Share of Government Tech Fund

US President Donald Trump’s recent proposal to impose a 100 per cent tariff on chips and semiconductors may not achieve its intended goal of boosting advanced chip manufacturing in the United States, industry analysts warn. While the tariff would be waived for companies committing to build production facilities within the US, the policy fails to address deeper structural issues that are hindering the country’s ability to become a leader in cutting-edge chip production.<h2>Tariffs likely to have minimal impact</h2>The US has already seen major investments from global semiconductor giants, including Taiwan Semiconductor Manufacturing (TSMC) and South Korea’s Samsung Electronics, who are building multi-billion-dollar chip factories in Arizona and Texas, respectively. These projects, driven in part by previous US subsidies, aim to strengthen the domestic supply chain and reduce reliance on foreign-made chips. However, Trump’s tariffs may not spur additional investment, as many of these companies have already committed to US production in exchange for financial incentives.TSMC’s $165 billion investment in US manufacturing, for example, may help it avoid tariffs, but these efforts are unlikely to be expanded further due to the higher costs of production in the US. The company has already stated that the Arizona fabs will operate with older chip-making technology, underscoring the difficulty in competing with the more advanced processes employed at TSMC’s Taiwanese facilities. Experts note that, for some companies, the tariffs could result in a situation where the minimum amount of US investment is made to comply with the rules, while the majority of the chips are still produced abroad.<h2>Higher prices for consumers and electronics firms</h2>While the tariffs might encourage some companies to establish US-based operations, the broader implications could harm US consumers and companies relying on imported components. Electronics giants like Apple have already secured tariff exemptions through hefty investment pledges, but smaller firms may struggle with the added costs of tariffs on imported chips. Analysts warn that these costs could trickle down to consumers in the form of higher prices for electronics, such as smartphones, laptops, and even automobiles.Apple, for instance, has been a significant player in US chip manufacturing, relying on TSMC’s Arizona facilities for chip production. However, much of Apple’s investment, such as expanding data centres and server production, has little impact on advanced semiconductor manufacturing. Furthermore, much of Apple’s commitment to US-based production was already in progress before the tariff threat, suggesting that the tariffs themselves may not be the driving force behind its manufacturing decisions.<h2>Geopolitical factors and strategic supply chain investments</h2>Ultimately, it’s not the tariffs but broader geopolitical and economic factors that are driving chip manufacturers to establish operations in the US. The growing risks of political instability, particularly tensions with China and the possibility of conflicts in West Asia, have encouraged semiconductor companies to bring their supply chains closer to home. Additionally, subsidies like the 2022 Chips Act and US tax incentives for equipment purchases continue to be more effective at enticing foreign manufacturers to set up shop in the US than the tariff proposal itself.Industry experts argue that while the US may continue to see growth in domestic semiconductor production, this will be driven by economic incentives and geopolitical strategy, not tariffs. If the aim is to secure more advanced chip manufacturing in the US, the tariff regime proposed by Trump may fall short of its intended goals, creating more risks than rewards for the broader economy.&nbsp;(With inputs from agencies)

While the US tariffs might encourage some companies to establish US-based operations, the broader implications could harm US consumers and companies relying on imported components.

US President Donald Trump’s recent proposal to impose a 100 per cent tariff on chips and semiconductors may not achieve its intended goal of boosting advanced chip manufacturing in the United States, industry analysts warn. While the tariff would be waived for companies committing to build production facilities within the US, the policy fails to address deeper structural issues that are hindering the country’s ability to become a leader in cutting-edge chip production. Tariffs likely to have minimal impact The US has already seen major investments from global semiconductor giants, including Taiwan Semiconductor Manufacturing (TSMC) and South Korea’s Samsung Electronics, who are building multi-billion-dollar chip factories in Arizona and Texas, respectively. These projects, driven in part by previous US subsidies, aim to strengthen the domestic supply chain and reduce reliance on foreign-made chips. However, Trump’s tariffs may not spur additional investment, as many of these companies have already committed to US production in exchange for financial incentives. TSMC’s $165 billion investment in US manufacturing, for example, may help it avoid tariffs, but these efforts are unlikely to be expanded further due to the higher costs of production in the US. The company has already stated that the Arizona fabs will operate with older chip-making technology, underscoring the difficulty in competing with the more advanced processes employed at TSMC’s Taiwanese facilities. Experts note that, for some companies, the tariffs could result in a situation where the minimum amount of US investment is made to comply with the rules, while the majority of the chips are still produced abroad. Higher prices for consumers and electronics firms While the tariffs might encourage some companies to establish US-based operations, the broader implications could harm US consumers and companies relying on imported components. Electronics giants like Apple have already secured tariff exemptions through hefty investment pledges, but smaller firms may struggle with the added costs of tariffs on imported chips. Analysts warn that these costs could trickle down to consumers in the form of higher prices for electronics, such as smartphones, laptops, and even automobiles. Apple, for instance, has been a significant player in US chip manufacturing, relying on TSMC’s Arizona facilities for chip production. However, much of Apple’s investment, such as expanding data centres and server production, has little impact on advanced semiconductor manufacturing. Furthermore, much of Apple’s commitment to US-based production was already in progress before the tariff threat, suggesting that the tariffs themselves may not be the driving force behind its manufacturing decisions. Geopolitical factors and strategic supply chain investments Ultimately, it’s not the tariffs but broader geopolitical and economic factors that are driving chip manufacturers to establish operations in the US. The growing risks of political instability, particularly tensions with China and the possibility of conflicts in West Asia, have encouraged semiconductor companies to bring their supply chains closer to home. Additionally, subsidies like the 2022 Chips Act and US tax incentives for equipment purchases continue to be more effective at enticing foreign manufacturers to set up shop in the US than the tariff proposal itself. Industry experts argue that while the US may continue to see growth in domestic semiconductor production, this will be driven by economic incentives and geopolitical strategy, not tariffs. If the aim is to secure more advanced chip manufacturing in the US, the tariff regime proposed by Trump may fall short of its intended goals, creating more risks than rewards for the broader economy. (With inputs from agencies)

While the US tariffs might encourage some companies to establish US-based operations, the broader implications could harm US consumers and companies relying on imported components.

Trump’s tariff proposal risks harming US chip industry, experts say

Washington
The United States said Monday it is opening an investigation into China's policies for its semiconductor industry, over concerns that Beijing is turning to "extensive anticompetitive and non-market means" to undermine other economies.
The probe centres on foundational semiconductors -- which go into everything from cars to medical devices -- and whether China's actions create burdens for US commerce, said the US Trade Representative's (USTR) office.
The fear is that Beijing's practices undermine "the competitiveness of American industry and workers, critical US supply chains, and US economic security," the USTR's office added.
Beijing slammed the move as "protectionist," vowing to defend its interests and urging Washington to halt its "wrong practices."
The investigation falls under Section 301 of the Trade Act, the same tool used during President-elect Donald Trump's first administration to justify tariff hikes on Chinese products.
"We have seen time and again, a pattern of harmful impact from nonmarket policies and practices across industries that the PRC has targeted for worldwide market dominance," said USTR Katherine Tai, referring to the People's Republic of China.
Previous instances included steel, aluminum, solar cells, electric vehicles, and now semiconductors, Tai told reporters on Sunday.
"This is enabling its companies to rapidly expand capacity and to offer artificially lower-priced chips that threaten to significantly harm and potentially eliminate fair, market-oriented competition," Tai added.
<h2>Sector dominance</h2>
In a notice, USTR said China "nearly doubled its global share of foundational logic semiconductors production capacity" in just six years.
China's share is set to reach about half the world's capacity by 2029, based on announced new fabrication plants, and this expansion "is already discouraging investment by market-oriented actors," USTR added.
Commerce Secretary Gina Raimondo said an analysis of the US semiconductor supply chain found two-thirds of US products contain Chinese-made foundational chips.
"About half of companies didn't know whether they had Chinese chips in their products," she added.
In recent years, President Joe Biden has sought to shore up US chipmaking capabilities to reduce reliance on other countries. 
The latest probe will initially focus on China's foundational semiconductors production, including the extent these are used in other products like medical devices and vehicles.
The probe is also expected to consider whether Beijing's policies on inputs for semiconductor fabrication contribute to "burden or restriction on US commerce," the USTR's office said.
"This investigation is part of our broader strategy to strengthen the resilience of our supply chains and revitalize domestic manufacturing," said National Economic Advisor Lael Brainard.
Officials will have a year to handle the investigation and decide on responses.
Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

The probe centers on foundational semiconductors -- which go into everything from cars to medical devices -- and whether China's actions create burdens for US commerce, said the US Trade Representative's (USTR) office.



Washington The United States said Monday it is opening an investigation into China's policies for its semiconductor industry, over concerns that Beijing is turning to "extensive anticompetitive and non-market means" to undermine other economies. The probe centres on foundational semiconductors -- which go into everything from cars to medical devices -- and whether China's actions create burdens for US commerce, said the US Trade Representative's (USTR) office. The fear is that Beijing's practices undermine "the competitiveness of American industry and workers, critical US supply chains, and US economic security," the USTR's office added. Beijing slammed the move as "protectionist," vowing to defend its interests and urging Washington to halt its "wrong practices." The investigation falls under Section 301 of the Trade Act, the same tool used during President-elect Donald Trump's first administration to justify tariff hikes on Chinese products. "We have seen time and again, a pattern of harmful impact from nonmarket policies and practices across industries that the PRC has targeted for worldwide market dominance," said USTR Katherine Tai, referring to the People's Republic of China. Previous instances included steel, aluminum, solar cells, electric vehicles, and now semiconductors, Tai told reporters on Sunday. "This is enabling its companies to rapidly expand capacity and to offer artificially lower-priced chips that threaten to significantly harm and potentially eliminate fair, market-oriented competition," Tai added. Sector dominance In a notice, USTR said China "nearly doubled its global share of foundational logic semiconductors production capacity" in just six years. China's share is set to reach about half the world's capacity by 2029, based on announced new fabrication plants, and this expansion "is already discouraging investment by market-oriented actors," USTR added. Commerce Secretary Gina Raimondo said an analysis of the US semiconductor supply chain found two-thirds of US products contain Chinese-made foundational chips. "About half of companies didn't know whether they had Chinese chips in their products," she added. In recent years, President Joe Biden has sought to shore up US chipmaking capabilities to reduce reliance on other countries. The latest probe will initially focus on China's foundational semiconductors production, including the extent these are used in other products like medical devices and vehicles. The probe is also expected to consider whether Beijing's policies on inputs for semiconductor fabrication contribute to "burden or restriction on US commerce," the USTR's office said. "This investigation is part of our broader strategy to strengthen the resilience of our supply chains and revitalize domestic manufacturing," said National Economic Advisor Lael Brainard. Officials will have a year to handle the investigation and decide on responses. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

US to probe China's chip industry over THIS concern

The United States said Monday it is opening an investigation into China's policies for its semiconductor industry, over concerns that Beijing is turning to "extensive anticompetitive and non-market means" to undermine other economies.

The probe centres on foundational semiconductors -- which go into everything from cars to medical devices -- and whether China's actions create burdens for US commerce, said the US Trade Representative's (USTR) office.

The fear is that Beijing's practices undermine "the competitiveness of American industry and workers, critical US supply chains, and US economic security," the USTR's office added.

Beijing slammed the move as "protectionist," vowing to defend its interests and urging Washington to halt its "wrong practices."

The investigation falls under Section 301 of the Trade Act, the same tool used during President-elect Donald Trump's first administration to justify tariff hikes on Chinese products.

"We have seen time and again, a pattern of harmful impact from nonmarket policies and practices across industries that the PRC has targeted for worldwide market dominance," said USTR Katherine Tai, referring to the People's Republic of China.

Previous instances included steel, aluminum, solar cells, electric vehicles, and now semiconductors, Tai told reporters on Sunday.

"This is enabling its companies to rapidly expand capacity and to offer artificially lower-priced chips that threaten to significantly harm and potentially eliminate fair, market-oriented competition," Tai added.

<h2>Sector dominance</h2>

In a notice, USTR said China "nearly doubled its global share of foundational logic semiconductors production capacity" in just six years.

China's share is set to reach about half the world's capacity by 2029, based on announced new fabrication plants, and this expansion "is already discouraging investment by market-oriented actors," USTR added.

Commerce Secretary Gina Raimondo said an analysis of the US semiconductor supply chain found two-thirds of US products contain Chinese-made foundational chips.

"About half of companies didn't know whether they had Chinese chips in their products," she added.

In recent years, President Joe Biden has sought to shore up US chipmaking capabilities to reduce reliance on other countries.&nbsp;

The latest probe will initially focus on China's foundational semiconductors production, including the extent these are used in other products like medical devices and vehicles.

The probe is also expected to consider whether Beijing's policies on inputs for semiconductor fabrication contribute to "burden or restriction on US commerce," the USTR's office said.

"This investigation is part of our broader strategy to strengthen the resilience of our supply chains and revitalize domestic manufacturing," said National Economic Advisor Lael Brainard.

Officials will have a year to handle the investigation and decide on responses.

Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION&nbsp;audience. 
&nbsp;

The United States said Monday it is opening an investigation into China's policies for its semiconductor industry, over concerns that Beijing is turning to "extensive anticompetitive and non-market means" to undermine other economies.

The United States said Monday it is opening an investigation into China's policies for its semiconductor industry, over concerns that Beijing is turning to "extensive anticompetitive and non-market means" to undermine other economies. The probe centres on foundational semiconductors -- which go into everything from cars to medical devices -- and whether China's actions create burdens for US commerce, said the US Trade Representative's (USTR) office. The fear is that Beijing's practices undermine "the competitiveness of American industry and workers, critical US supply chains, and US economic security," the USTR's office added. Beijing slammed the move as "protectionist," vowing to defend its interests and urging Washington to halt its "wrong practices." The investigation falls under Section 301 of the Trade Act, the same tool used during President-elect Donald Trump's first administration to justify tariff hikes on Chinese products. "We have seen time and again, a pattern of harmful impact from nonmarket policies and practices across industries that the PRC has targeted for worldwide market dominance," said USTR Katherine Tai, referring to the People's Republic of China. Previous instances included steel, aluminum, solar cells, electric vehicles, and now semiconductors, Tai told reporters on Sunday. "This is enabling its companies to rapidly expand capacity and to offer artificially lower-priced chips that threaten to significantly harm and potentially eliminate fair, market-oriented competition," Tai added. Sector dominance In a notice, USTR said China "nearly doubled its global share of foundational logic semiconductors production capacity" in just six years. China's share is set to reach about half the world's capacity by 2029, based on announced new fabrication plants, and this expansion "is already discouraging investment by market-oriented actors," USTR added. Commerce Secretary Gina Raimondo said an analysis of the US semiconductor supply chain found two-thirds of US products contain Chinese-made foundational chips. "About half of companies didn't know whether they had Chinese chips in their products," she added. In recent years, President Joe Biden has sought to shore up US chipmaking capabilities to reduce reliance on other countries. The latest probe will initially focus on China's foundational semiconductors production, including the extent these are used in other products like medical devices and vehicles. The probe is also expected to consider whether Beijing's policies on inputs for semiconductor fabrication contribute to "burden or restriction on US commerce," the USTR's office said. "This investigation is part of our broader strategy to strengthen the resilience of our supply chains and revitalize domestic manufacturing," said National Economic Advisor Lael Brainard. Officials will have a year to handle the investigation and decide on responses. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

The global chip industry is experiencing a surge fueled by artificial intelligence. Taiwan semiconductor manufacturing company, the world's largest contract chipmaker, saw its stock price jump 5.3%.

TSMC’s market cap tops $23 trillion on AI chip demand

South Korea is gearing up to roll out a comprehensive support package exceeding $7 billion aimed at strengthening investments and research in the semiconductor sector, as the nation increases its efforts to gain a competitive edge in the global chip market. <o:p></o:p>

Finance Minister Choi Sang-mok revealed the government's ambitious plans on Sunday, highlighting the importance of securing a leading position in the semiconductor industry.<o:p></o:p>

The support package, valued at over 10 trillion won, will target various segments of the semiconductor supply chain, including chip materials, equipment manufacturers, and fabless companies. <o:p></o:p>

Details of the initiative, which may encompass policy loans and the establishment of a new fund backed by both public and private financial institutions, are expected to be unveiled soon.<o:p></o:p>

In addition to financial incentives, South Korea is advancing its semiconductor infrastructure by constructing a mega chip cluster in Yongin, located south of the capital city, Seoul. <o:p></o:p>

Positioned as the world's largest high-tech complex of its kind, this initiative underlines the country’s push towards fostering innovation and competitiveness in the semiconductor domain.<o:p></o:p>

President Yoon Suk Yeol has articulated a steadfast assurance to supporting the semiconductor industry, characterising it as a pivotal battleground where South Korea aims to emerge victorious. <o:p></o:p>

To incentivise investments in chip-related ventures, the government is poised to introduce tax benefits and other strategic measures aimed at propelling the nation to the forefront of the global chip market.<o:p></o:p>

The proposed support package represents a concerted effort by South Korea to fortify its semiconductor sector amidst escalating competition and geopolitical dynamics. <o:p></o:p>

By leveraging financial resources, technological prowess, and strategic initiatives, the nation seeks to solidify its position as a key player in the ever-evolving semiconductor landscape.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

South Korea is gearing up to roll out a comprehensive support package exceeding $7 billion aimed at strengthening investments and research in the semiconductor sector, as the nation increases its efforts to gain a competitive edge in the global chip market.

South Korea is gearing up to roll out a comprehensive support package exceeding $7 billion aimed at strengthening investments and research in the semiconductor sector, as the nation increases its efforts to gain a competitive edge in the global chip market. Finance Minister Choi Sang-mok revealed the government's ambitious plans on Sunday, highlighting the importance of securing a leading position in the semiconductor industry. The support package, valued at over 10 trillion won, will target various segments of the semiconductor supply chain, including chip materials, equipment manufacturers, and fabless companies. Details of the initiative, which may encompass policy loans and the establishment of a new fund backed by both public and private financial institutions, are expected to be unveiled soon. In addition to financial incentives, South Korea is advancing its semiconductor infrastructure by constructing a mega chip cluster in Yongin, located south of the capital city, Seoul. Positioned as the world's largest high-tech complex of its kind, this initiative underlines the country’s push towards fostering innovation and competitiveness in the semiconductor domain. President Yoon Suk Yeol has articulated a steadfast assurance to supporting the semiconductor industry, characterising it as a pivotal battleground where South Korea aims to emerge victorious. To incentivise investments in chip-related ventures, the government is poised to introduce tax benefits and other strategic measures aimed at propelling the nation to the forefront of the global chip market. The proposed support package represents a concerted effort by South Korea to fortify its semiconductor sector amidst escalating competition and geopolitical dynamics. By leveraging financial resources, technological prowess, and strategic initiatives, the nation seeks to solidify its position as a key player in the ever-evolving semiconductor landscape. (With inputs from Reuters)

South Korea plans $7 bn support package to bolster chip industry amid global competition

A particle accelerator that is about the size of two basketball courts, measuring between 100 and 150 meters (328–492 ft) in circumference, is currently being planned. The electron beam from the accelerator will be converted into an excellent source of light for scientific research and on-site chip production.

China set to build giant chip factory using particle accelerator

In an effort to limit China's ability to purchase and produce advanced electronics with military applications, the United States announced a sweeping set of export controls on Friday. The move, which can escalate tensions between the two nations, cuts off China from purchasing certain semiconductor chips.

AFP reports that the move will complicate Beijing's push to further its semiconductor industry and comes ahead of a major party congress in China which may mark President Xi Jinping securing a historic third term.

Watch |&nbsp;World Business Watch: US puts Chinese drone giant DJI on military ties blacklist

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/world-business-watch-us-puts-chinese-drone-giant-dji-on-military-ties-blacklist-523229/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The slew of measures may represent the biggest change in American policy regarding the export of technology to China since the 1990s, reports Reuters. If successful, these might cripple China's chip manufacturing sector by requiring American and international businesses that use US technology to sever ties with some of the country's top manufacturers and chip designers.

Senior government officials, according to Reuters, acknowledged that while talks with allied countries are ongoing, they have not yet obtained any guarantees that they will take similar action.

Also read |&nbsp;<a href="https://www.wionews.com/world/the-semiconductor-wars-us-to-announce-fresh-chip-export-restrictions-to-china-522325">The semiconductor wars: US to announce fresh chip export restrictions to China</a>

"We recognize that the unilateral controls we're putting into place will lose effectiveness over time if other countries don't join us," said one official, adding, "We risk harming US technology leadership if foreign competitors are not subject to similar controls."

In a statement, commerce department official Alan Estevez said that the move aims to prevent 'sensitive technologies with military applications'&nbsp;from being acquired by China's military, intelligence and security services.

The measures, according to Jim Lewis, a technology and cybersecurity expert at the Center for Strategic and International Studies (CSIS), a Washington, DC-based think tank, are similar to the strict laws at the height of the Cold War and "will set the Chinese back years."

Also read |&nbsp;<a href="https://www.wionews.com/world/as-pakistan-china-grow-closer-study-recommends-us-should-mend-ties-with-islamabad-522590">As Pakistan, China grow closer, study recommends US should mend ties with Islamabad</a>

"China isn't going to give up on chipmaking ... but this will really slow them (down)."

As the two nations battle for technology dominance, the manufacture and export of semiconductors have been a subject of contention between them.

Shares of manufacturers of equipment for the semiconductor industry fell as businesses throughout the world started to wrestle with the recent US action.

Semiconductor Industry Association said it was studying the new regulations and urged the US to "implement the rules in a targeted way - and in collaboration with international partners - to help level the playing field."

(With inputs from agencies)

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

In an effort to limit China's ability to purchase and produce advanced electronics with military applications, the United States announced a sweeping set of export controls on Friday.

In an effort to limit China's ability to purchase and produce advanced electronics with military applications, the United States announced a sweeping set of export controls on Friday. The move, which can escalate tensions between the two nations, cuts off China from purchasing certain semiconductor chips. AFP reports that the move will complicate Beijing's push to further its semiconductor industry and comes ahead of a major party congress in China which may mark President Xi Jinping securing a historic third term. Watch | World Business Watch: US puts Chinese drone giant DJI on military ties blacklist The slew of measures may represent the biggest change in American policy regarding the export of technology to China since the 1990s, reports Reuters. If successful, these might cripple China's chip manufacturing sector by requiring American and international businesses that use US technology to sever ties with some of the country's top manufacturers and chip designers. Senior government officials, according to Reuters, acknowledged that while talks with allied countries are ongoing, they have not yet obtained any guarantees that they will take similar action. Also read | The semiconductor wars: US to announce fresh chip export restrictions to China "We recognize that the unilateral controls we're putting into place will lose effectiveness over time if other countries don't join us," said one official, adding, "We risk harming US technology leadership if foreign competitors are not subject to similar controls." In a statement, commerce department official Alan Estevez said that the move aims to prevent 'sensitive technologies with military applications' from being acquired by China's military, intelligence and security services. The measures, according to Jim Lewis, a technology and cybersecurity expert at the Center for Strategic and International Studies (CSIS), a Washington, DC-based think tank, are similar to the strict laws at the height of the Cold War and "will set the Chinese back years." Also read | As Pakistan, China grow closer, study recommends US should mend ties with Islamabad "China isn't going to give up on chipmaking ... but this will really slow them (down)." As the two nations battle for technology dominance, the manufacture and export of semiconductors have been a subject of contention between them. Shares of manufacturers of equipment for the semiconductor industry fell as businesses throughout the world started to wrestle with the recent US action. Semiconductor Industry Association said it was studying the new regulations and urged the US to "implement the rules in a targeted way - and in collaboration with international partners - to help level the playing field." (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

US enforces export controls to restrict China's chip supply for hi-tech military applications

A company that tracks counterfeit and fraud in the chip industry said on Tuesday that severe chip shortage has resulted in record wire fraud cases last year.

Chip shortages result in record wire fraud, cases reported by desperate buyers

chip-industry

Chip Industry, News on Chip Industry, stories on Chip Industry, articles on Chip Industry, Chip Industry stories at Wion, Chip Industry news, Chip Industry latest news