Britain blocked the sale of a Welsh semiconductor plant to a Chinese-owned company on national security grounds. The ruling ends months of back-and-forth over the deal, which triggered British fears over technology transfer to China. [British government blocks takeover of Welsh semiconductor ... - theguardian.com]
Shares of China's major chipmakers lost $8.6 billion in market value on Monday. According to @FinancialTimes the cause is US export controls that have threatened to obstruct Beijing's plans for technological self-sufficiency. [China chip stocks lose $8.6bn in wipeout due to US export ... – FT]
The U.S. Senate passed [Senate Passes $280 Billion Industrial Policy Bill to Counter China – NYT] by a bipartisan vote (64 to 33) a $280 billion bill, the so-called Chips (Creating helpful incentives to produce semiconductors) & Science Act. [House Passes Chips Act to Boost U.S. Semiconductor Production – WSJ]
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