Asian Insider

US versus China: The race to hold all the chips

Workers at Jiejie Semiconductor Company in Nantong, eastern China's Jiangsu province. PHOTO: AFP
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BEIJING - The recent slew of trade policy and legislative measures taken by the United States to curb China will hurt its biggest rival's chip-making industry, especially with the passing of the Chips and Science Act on July 28.

But the effects of the US manoeuvres may be short-lived, given the draw of China's vast demand for chips, which are used in anything from consumer electronics to military equipment, incentivising semiconductor companies to look for workarounds, analysts said.

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