US companies in China are facing pressure on all sides
last year, Intel not only issued public apologies but also deleted all references to Xinjiang on its website. When asked about this deletion, Intel’s senior director of corporate comms, William Moss, told: “We amended some language based on concerns from stakeholders to focus on broadly and globally applicable principles and policies, consistent with our general practice.”“Intel’s cowardice is yet another predictable consequence of economic reliance on China.
The CHIPS Act is a reaction to the global shortage of semiconductors and the United States’ dwindling ability to manufacture these vital components. CHIPS was enacted last year as part of the, with the Senate authorizing $52 billion in federal investments to go to “domestic semiconductor research, design, and manufacturing provisions.
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