Industry reports and market share analysis from credible financial or industry research firms.

$81 Billion Boost, $380 Billion Earmarked to Counter China in Global Chip Industry

May 13, 2024, 01:13 AM

The global semiconductor industry is witnessing a significant financial boost as governments worldwide, including the US and its allies, commit approximately $81 billion to enhance chip production, with nearly $380 billion earmarked to develop more powerful microprocessors. This move is part of a broader strategy to counter China's influence in the technology sector. Notably, companies like Intel and TSMC are set to benefit from these funds. This financial surge is expected to reshape the competitive landscape for Big Tech companies and intensify the US-China rivalry in technology.