China Launches Probe into US CHIPS Act, Claims Unfair Competition in Semiconductor Industry
• 1 min read
China's Ministry of Commerce investigates $52.7 billion US semiconductor subsidies, alleging harm to domestic chipmakers through artificially low chip prices. The probe highlights escalating tensions in the global semiconductor market as China seeks to protect its investments and expand manufacturing capacity.
GlobalFoundries Fined $500K for Unauthorized Chip Exports to China
• 1 min read
GlobalFoundries faces a $500,000 fine for violating export regulations by shipping $17 million worth of restricted semiconductor products to a Chinese company with military ties. This incident highlights the challenges faced by chipmakers in navigating complex international trade rules and export controls.