Lawmakers raising national security concerns and seeking to disconnect a major Chinese firm from U.S. pharmaceutical interests have rattled the biotech industry. The firm is deeply involved in development and manufacturing of crucial therapies for cancer, cystic fibrosis, H.I.V. and other illnesses.
Chinese Company Under Congressional Scrutiny Makes Key U.S. Drugs
Latest:
US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties
Biden admin awards $8.5B to Intel for advanced chips
Commerce Secretary Gina Raimondo said the agreement will set the U.S. up to meet its target of producing 20% of the globe’s leading-edge chips by the end of the decade.
Damn, that’s hard to type out on my iPad! Anyway, I need to stop reading the comments when watching videos about China! I don’t understand why some people didn’t fall for Russiagate but they fall for Chinagate?! *sigh* FYI, don’t let Epoch Times (Falun Gong), USG, MSM, or even China, tell what you should believe about anything! Or grifting expats, who no longer live in China, and are probably paid by CIA cutouts! Read/Watch more than just Western sources and make up your own mind!
Related:
Congress Proposes $500 Million for Negative News Coverage of China (Passed as the CHIPS and Science Act)
The TSMC Arizona chip plant is behind schedule, over budget, and the subject of contention in online forums – and now an analyst says that it will be little more than a useless paperweight, even when it does finally begin production.
Not only will it only make chips for older Apple devices, but it can’t even complete the process of making those without sending them back to Taiwan for final assembly …
TSMC Arizona chip plant will be a paperweight, says analyst
Former secretary of state Henry Kissinger, the 100-year-old who was at the heart of the United States’ rapprochement with China half a century ago, has made a surprise visit to Beijing.
Henry Kissinger makes surprise visit to China, meets defense minister
Video via Activist News Network
Related:
At 100, Kissinger still razor-sharp on China-US relations
Senior Chinese diplomat meets with Henry Kissinger
Chinese defense minister meets with Henry Kissinger in Beijing
WASHINGTON, Feb 28 (Reuters) – The Biden administration on Tuesday said it will require companies winning funds from its $52-billion U.S. semiconductor manufacturing and research program to share excess profits and explain how they plan to provide affordable childcare.
Biden to require chips companies winning subsidies to share excess profits
Treasury Secretary Janet L. Yellen visited China. There she tried to press the worlds biggest economy on several issues.
Yellen, in Beijing, Criticizes China’s Treatment of U.S. Companies – NY Times, July 7, 2023
Yellen Urges China to Step Up Climate Finance Investments – NY Times, July 7, 2023
U.S. Raises Pressure on China to Combat Global Fentanyl Crisis – NY Times, July 7, 2023
Yellen’s Visit To China Has Failed
Psychopathic hypocrite criticizes China, for using subsidies, when the CHIPS and Science Act gives $52 billion, in subsidies, to semiconductor companies!
The Biden administration unveiled tight restrictions on new operations in China by chipmakers that get federal funds to build in the US, potentially hampering efforts to expand in the world’s largest semiconductor arena.
Biden Stunts Growth in China for Chipmakers Getting US Funds
There is a 20% chance of military confrontation
How America can win the Chip Wars
Ms. Cat’s Chronicles 
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