US government starts another investigation targeting these Chinese technology companies
The Biden administration launched a trade investigation into China's production of legacy semiconductors, citing concerns over government subsidies and their impact on global competition. This probe, under Section 301 of the Trade Act, could lead to tariffs or trade restrictions. The investigation highlights fears of China's growing dominance in the semiconductor market, with potential significant harm to U.S. industries.
The Biden administration launched a trade investigation into China's production of legacy semiconductors, citing concerns over government subsidies and their impact on global competition. This probe, under Section 301 of the Trade Act, could lead to tariffs or trade restrictions. The investigation highlights fears of China's growing dominance in the semiconductor market, with potential significant harm to U.S. industries.
