Wednesday, December 07, 2022

US and Europe prepare IDR 4,712 trillion to beat Chinese technology – Nation World News

The United States (US) and Europe provided a total investment of US$ 321.2 billion or about Rs 4,712.3 trillion. Both predate Chinese technology.

US President Joe Biden signs the Chips and Science Act for high-tech manufacturing and scientific research. Through the law, he promised US$280 billion or Rs 4,108 trillion.

The law also directs about $200 billion to institutions such as the National Science Foundation. The goal is to increase investment in areas such as robotics and wireless communications.

Biden called it a ‘once in a generation’ investment.

The investment is also aimed at providing relief from taxes on companies that manufacture chip factories.Chipset,

Some companies specifically sought support from the US government to reduce dependence on China to deal with chip shortages.

US semiconductor production today accounts for about 10% of the total global supply. This percentage has dropped from about 40% in 1990.

While the EU provides a commitment of more than €40 billion or about US$41.2 billion (Rp 604.3 trillion). These funds are for increasing chip production.

US Senate Democrat Chuck Schumer said the Chips and Science Act would be a ‘game changer’. He also believes that this will ensure America’s leadership and prosperity.

“By enforcing the Chips and Science Act, we believe that ‘Great America’ is back,” Schumer said. BBCWednesday (10/8).

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