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Biden Administration’s Semiconductor Restrictions Strain U.S.-China Relations, Challenge Tech Industry

In a bid to curb China’s access to advanced semiconductors, the Biden administration is tightening restrictions, creating friction with U.S. companies reliant on the Chinese market. The $53 billion Chips Act, aimed at reducing U.S. dependence on foreign-made semiconductors, particularly those critical for national security, underscores ongoing efforts to restructure…
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