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Tuesday, December 24, 2024

Biden takes final shot at China chip industry with new investigation

The Biden administration said on Monday it launched an investigation into China’s semiconductor sector, which officials claim threatens U.S. national security.

Why it matters: It is a first step toward possible measures, like tariffs, that might seek to squeeze China-made chips out of U.S. products. But with one month left in office, the fate of the investigation — and the ultimate remedies — rests with President-elect Trump.

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