China’s chipmakers bought $38 billion in U.S. and allied tools, a sign policy is failing, lawmakers find
NegativeFinancial Markets

Recent findings reveal that China's chipmakers have spent a staggering $38 billion on U.S. and allied tools, raising concerns among lawmakers about the effectiveness of current policies aimed at curbing China's technological advancements. This significant investment indicates that despite efforts to restrict access to critical technology, China is finding ways to bolster its semiconductor industry, which could have long-term implications for global tech competition and national security.
— Curated by the World Pulse Now AI Editorial System