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Chinese Trade Groups: CHIPS Act and Science Law Hinders Innovation

U.S. semiconductor developers and manufacturers of production tools have welcomed the U.S. CHIPS and Science Act, which provides subsidies to U.S. chip developers and manufacturers, but two Chinese industry groups have argued against the legislation. are stifling innovation, discriminating against foreign companies and fueling geopolitical tensions.

A joint statement by the China Commission for the Promotion of International Trade (CCPIT) and the China Chamber of International Commerce and Industry (CCOIC) global times Read.

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