The Chips and Science Act, after months of debates, finally made it through the US Congress and now waits for president Joe Biden’s signature. Now, the global semiconductor industry is wondering its impacts. While it remains up for debate how the Chips Act will impact TSMC, for Taiwan’s chip design sector, the US$52 billion subsidies aren’t likely to alter their current strategies.

Following the escalation of US tech export restriction on semiconductor equipment to cover processing tools for 14 nm and below, which has been confirmed by two American equipment manufacturers recently, news from Reuters on August 2 said the US is also considering shipment ban of equipment on memory manufacturers in China, the first time to target nonspecifically military application chips for export regulation.

China-based vendors of new energy cars, in the 1H22 China fund-raising market, absorbed the largest amount of funds among various domains of venture capital investment, according to China-based media reports.

Google Cloud has focused its business operation in Taiwan on two fronts: help enterprises with the transition into net zero carbon emission and with digital transformation, according to Taiwan country director Tony Hsieh for Google Cloud.