https://www.youtube.com/watch?v=CmBbo8wgy94
Chips are the intention of the technological competition between the United States and China. The country is reported to have been preparing a support package for its semiconductor industry. However, it’s pausing the plan because of COVID’s resurgence. According to Reuters, China’s been working on a 1 trillion yuan (almost $146 billion) support package. However, as Bloomberg quotes sources familiar with the matter, top officials are debating how to move away from costly subsidies.
