2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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China
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US
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Japan
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Israel
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Detailed explanation-1: -The CHIPS and Science Act will unlock hundreds of billions more in private sector semiconductor investment across the country, including production essential to national defense and critical sectors. The law will also ensure the United States maintains and advances its scientific and technological edge.
Detailed explanation-2: -Hyde-Smith voted against the CHIPS Act (HR. 4346), which was approved on a 64-33 vote.
Detailed explanation-3: -The new federal programme passed by the US Congress provides USD 52 billion in support for the semiconductor industry, however, it restricts companies that are accepting the funding for expanding their chip production capacity in China.
Detailed explanation-4: -The Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022 (CHIPS Act), signed into law on August 9, 2022, is designed to boost US competitiveness, innovation, and national security. The law aims to catalyze investments in domestic semiconductor manufacturing capacity.
Detailed explanation-5: -Over the last 15 years or so, Taiwan’s TSMC and South Korea’s Samsung have come to dominate the manufacturing of the world’s most advanced semiconductors.