Electronics

The White House said in a statement that Biden signed an executive order on the 25th local time to implement semiconductor funding in the "Chip and Science Act of 2022". "This executive order reflects the Biden-Harris administration's commitment to rapidly increase semiconductor production, strengthen research and design leadership, and develop a diverse semiconductor workforce that will give the United States a competitive advantage on the world stage," the statement said. "

In addition, the statement said that to ensure transparent and effective communication of the bill's projects, the U.S. Department of Commerce also launched the CHIPS.gov website to provide stakeholders with $50 billion in manufacturing and R&D funding.

The executive order sets six priorities for implementing the Chip and Science Act of 2022, and also establishes a 16-member interagency steering committee, co-chaired by three members including Assistant to the President for National Security Affairs Sullivan. Other members include US Secretary of State Blinken, Treasury Secretary Yellen, Defense Secretary Austin and Commerce Secretary Raimondo.

It is unclear when the Commerce Department will officially provide semiconductor chip funding for future applications, or how long it will take to make the grants.

On August 9, Biden signed the "Chip and Science Act of 2022" to provide huge subsidies to the domestic chip industry in the United States, so as to improve the competitiveness of the United States in the field of technology.

In this regard, Chinese Foreign Ministry spokesman Wang Wenbin pointed out on August 10 that the US bill claims to be aimed at enhancing the competitiveness of the US technology and chip industry, but it provides huge subsidies to the US domestic chip industry and implements differentiated industry support policies, including some The terms restricting the normal investment and economic and trade activities of relevant companies in China, as well as the normal scientific and technological cooperation between China and the United States, will distort the global semiconductor supply chain and disrupt international trade. China is firmly opposed to this. The so-called "protective measures" of the law have strong geopolitical overtones and are another example of the United States engaging in economic coercion.

Wang Wenbin also said that how the United States develops itself is its own business, but it should comply with the relevant WTO rules, comply with the principles of openness, transparency, and non-discrimination, and help maintain the security and stability of the global industrial chain and supply chain. Obstacles set up in scientific and technological exchanges and cooperation should not harm China's legitimate development rights and interests. Sino-US economic, trade and scientific and technological cooperation is conducive to the common interests of both sides and the common progress of mankind, and restricting "decoupling" will only harm others.