the Promotion of the Development of the National Integrated Circuit Industry
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US firms still dominate chip subsidies
A report from the Organization for Economic Co-operation and Development (OECD) has found that semiconductor firms based in the United States received more government support than those based in any other region. However, support for China's chip industry was larger relative to the revenue generated by Chinese semiconductor firms, reaching close to 10 percent of sales in the early 2020s. The OECD - a forum for members espousing the market economy and democracy - said the global semiconductor...