President Biden of the United States signed a bill to invest more than $ 52 billion, or more than 7 trillion yen in Japanese yen, for the production and development of semiconductors in the country, and the law was enacted.
With the aim of competing with China, which is promoting a state-led increase in the domestic production rate of semiconductors, President Biden has appealed the results by stating, ``Lead the world again.''
President Biden of the United States signed a bill to promote the domestic production of semiconductors at the White House on the 9th, and the law was enacted.
The law includes the investment of more than $52 billion, or more than 7 trillion yen in Japanese yen, for the production and development of semiconductors in Japan.
Semiconductors are becoming more and more important not only in the high-tech field but also in military technology, but the United States' share of the world's total production has declined, and the United States is dependent on imports from Taiwan and other countries.
On the other hand, China, which the United States positions as the largest competitor, is promoting a state-led increase in the domestic production rate of semiconductors, and the Biden administration is trying to rebuild the semiconductor industry from the perspective of economic security.
President Biden emphasized that domestic production of semiconductors will lower the cost of people's lives and create jobs, saying, ``This is a once-in-a-generation investment. ” and appealed the results.
As President Biden, he would like to take advantage of the enactment of this law for the midterm elections in November, while his approval rating is sluggish.
China ``resolutely opposes disrupting international trade''
China's foreign ministry spokesman Wang Wenbin said at a press conference on the 10th that US semiconductor laws restrict normal investment, economic and trade activities in China by relevant companies, and normal science and technology cooperation between the two countries. It will distort the global semiconductor supply chain and disrupt international trade, and China firmly opposes it," he said.