Biden to Curb China More on Tech
Semiconductor industry experts have expressed concerns over the government's intervention, saying that China is a critical market.
The US companies account for 47 percent of global revenue in the semiconductor industry, with China being a key market, according to Stephen Ezell, vice-president of global innovation policy at the Information Technology and Innovation Foundation in Washington DC.
"Thirty-six percent of US semiconductor industry sales are to Chinese enterprises, making access to the Chinese market critical to American companies," he said in a webinar early this year.
The Chinese market is critical also because the revenues from the Chinese market enable the US companies to reinvest those revenues in future generations of innovation, he added.
