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US CHIPS Act boosts ICT technology to new heights

Following the passage of significant legislation such as the CHIPS and Science Act (CHIPS Act) and the Inflation Reduction Act (IRA) in 2022, the United States has intensified its efforts to contain China through technology policy. In addition to subsidizing domestic chip production, the United States is also focusing on funding advanced technology R&D, which will enhance the depth and breadth of information and communication technology (ICT) in the country, thereby widening the technological gap with China.