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The chip war between the U.S. and China is escalating – with global repercussions

On August 9, President Joe Biden signed a law that provides $52 billion in subsidies and incentives to the American chip industry, aimed to boost construction of factories in the U.S. While the EU is moving in a similar direction, Washington has made this a national priority – as a way of countering China’s global ambitions.

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The chip war between the U.S. and China is escalating – with global repercussions
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