Breaking News: China 'firmly opposes' new US law on processor chips #shorts #news

Breaking News: China 'firmly opposes' new US law on processor chips #shorts #news

China on Wednesday said it "firmly opposes" a recently signed US law which encourages domestic producers of processor chips to reduce dependence on Asian suppliers. This week, US President Joe Biden promised $52 billion in grants to investors in chip factories in the US. China said this will "disrupt international trade and distort global semiconductor supply chains".

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#china #us #law #asian #suppliers #president #joebiden #grants #investors #chip factories #mnnews #melbournenews

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