According to Bloomberg, the administration of US President Joe Biden disagrees with Intel's recent proposal.

The company wanted to increase output capacity in China to meet market demand, but the US government was more concerned about national security and rejected the proposal.

Intel wants to increase capacity at its Chengdu, China factory, but it faces resistance from American politicians.

Currently, Intel receives many requests from partners who want to increase orders, but they are unable to respond due to congested global supply chains. The shortage of semiconductor chips has made many industries, from cars to laptops to smartphones, difficult.

In contrast, the US still wants to pursue a plan to rebuild the domestic semiconductor supply chain. The Biden administration approved the CHIPS act to prepare $52 billion for investment in the chipmaking industry.

The goal is to secure the US position against China in the field of semiconductor research and production. Therefore, Intel's plan inadvertently goes against this policy.

Even the Biden administration wants to go further when it is considering restricting some investments in China. They can build an investment licensing process to screen the money flowing into the country of billions of people.

The US is concerned that China may take advantage of the economic resources of its investors to serve its plans to upgrade technology and improve techniques.

In the view of US officials, that would threaten the country's status as the number one superpower. They definitely won't let that happen.
Axact

Global Trends

Giving you feeds on what's happening in America and the world at large. Be it in tech, politics, entertainment, health and sports..

Post A Comment:

0 comments:

Be Civil, No Spam!!!