Washington’s Chips Act and its requirements for companies receiving incentives are likely to put South Korean chipmakers’ ability to navigate business uncertainties and balance between the US and China to the test.
The Biden administration has announced conditions for subsidies under the $53 billion act, designed to revitalise the American chip industry, secure supply chains and keep China’s technology advances in check.
Washington reaffirmed that it will not tolerate any recipient of the federal money expanding their semiconductor business in China and potentially helping one of the largest chip markets get easier access to advanced chip technology, reports Yonhap news agency.
(Source: IANS)
