China's dominance in chip manufacturing will end
US President Joe Biden signed a very important bill on Tuesday. Through this bill, America will now end China's dominance in semiconductor and chip production. Through this $ 200 billion bill, American companies will be given help so that they can beat China in this field. In the ongoing dispute between China and Taiwan, the biggest crisis in front of the world is about these semiconductors and chips. If China attacks Taiwan, then the arrivals of semiconductor and chip market will be reduced by about 70%. Taiwan produces 63, while China makes about 7% of semiconductors and chips. What is in the bill According to the 'New York Post', $ 200 billion has been allocated to American companies in this bill named Chips and Science Act. Through this, in five years, American companies will not only be able to compete with China, but will also leave them behind. In the era of Kovid-19, many mobile and car manufacturing companies of the world including America were facing a big