The United States on August 11 began the import substitution program in the field of microchip production after the country’s president Joe Biden signed the relevant law.
The American authorities will allocate $ 52 billion for the construction of enterprises for the production of electronics in America. The new law contains a direct ban on companies funded by the American government to expand its production in China for 10 years. This was done in order to minimize the dependence on Asia, which produces 75% of all advanced microchips. “Unfortunately, now we produce 0% of high -tech semiconduks. China breaks forward, developing this industry. At the same time, the Chinese Communist Party is actively setting up American business to combat the new law,” Bayden said after signing the law.
Experts believe that the United States took this step due to increased tension with China because of Taiwan.