Balance of Power

The US-China Chip Contest Is Entering a New Phase

US President Joe Biden after signing the Chips and Science Act at the White House in August 2022. — US President Joe Biden after signing the Chips and Science Act at the White House in August 2022.
Photographer: Al Drago/Bloomberg

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Before it’s here, it’s on the Bloomberg Terminal

By Alan Crawford

May 10, 2024 at 5:59 AM EDT

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US President Joe Biden’s big bet to secure more of the semiconductor supply chain is paying off.

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Before it’s here, it’s on the Bloomberg Terminal