Chips Act To Compromise The Growth Of Semiconductor Industries Claims Chinese Trade Groups
According to Global Times, the joint statement of the China Council for the Promotion of International Trade (CCPIT) and the China Chamber of International Commerce (CCOIC) states: The U.S. government is authorized to offer grants and other incentives totaling around $52 billion to local chipmakers as well as a 25% investment tax credit for new fabs worth up to $24 billion under the newly enacted CHIPS Act and Science Bill....