Chinese local governments are rolling out new measures to attract investments in semiconductors and high-tech. It remains to be seen whether these incentives will be successful in promoting domestic technology, which has experienced bottlenecks after being cut off from U.S. technology and equipment. Furthermore, a focus on local companies

Five Republican Senators have sent a letter to President Biden "demanding he act quickly to prevent Huawei from building the Pengxinwei IC Manufacturing Company (PXW) semiconductor plant."

In a move that is in part due to political pressure, Apple has paused a plan to use chips from China's Yangtze Memory Technologies Co. (YMTC) in some of its iPhones.

Taiwanese government officials and representatives of tech companies visited the United States last week to boost bilateral collaboration on 5G, semiconductors, and renewable energy. The Taiwanese government estimated that the trip would generate nearly 1 billion USD worth of R&D investment and new orders for Taiwanese businesses.

A U.S. Commerce Department official provided some details on the thought process behind the sweeping export control rules announced last Friday, reiterated the goal of "maintain[ing] as large of a lead as possible" on key technologies over China, and vowed to work with partner countries.

The U.S. government is ratcheting up its export controls on China, as it announced sweeping export restrictions that would curb China's ability to access or produce advanced chips and supercomputers.

At an event last Friday, a White House official offered some comments on the CHIPS Act and the outbound investment screening mechanism that has been in the news recently, both of which aim at maintaining U.S. technological advantages over China. The goal is to maintain an "absolute advantage&