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China-US chip battle heats up as Beijing prepares to spend $143B to boost manufacturing: report

Por: Fox Business Business December 13, 2022

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Hightower Resource Advisors CEO Tracy Shuchart provides insight on the stock market and the influence of China on 'Making Money.' Beijing is reading a 1 trillion yuan ($143 billion) package to bolster its semiconductor manufacturing in a move to curb steps taken by the U.S. to a report by Reuters said Tuesday. The package, which could be implemented as soon as the first quarter of 2023, would support China’s chip industry by... + full article



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