Dutch lithography giant ASML and the California-based Lam Research say strong demand for less-advanced chips, like those used in EVs, show China will still be a key customer this year

Treasury Secretary says the US seeks "constructive and fair" economic ties with China and urges cooperation on global debt crises, climate change and ending the war in Ukraine

But TSMC is said to be concerned about rules that could require it to share profits from the factories and provide detailed information about operations to access those subsidies

Some 15 agreements were signed during Lula's visit to Beijing, including deals to cooperate on semiconductors, a satellite to monitor the Amazon and cyber security

Yuecai Holdings announced the fund, which will have a 17-year term and invest in auto chips and equipment for microchips, at an event on Tuesday, the Securities Times said

“Intel is welcome to stand committed to the Chinese market and contribute to promoting China-US economic and trade cooperation,” China's vice president said

The trade in US computer chips from Hong Kong and China to Russia soared more than tenfold last year to at least $740 million, according to a probe by Nikkei

The investment mogul described the Taiwanese chipmaker as a well-managed company, but said his investment group had better places to deploy capital

Analysts say China's latest military drills, held from Saturday to Monday, show Beijing is serious about being able to cut off the democratically ruled island in a conflict

Industry sources say TSMC and other chipmakers fear the US Chips Act subsidy process could expose confidential corporate strategy

China is conducting military drills near Taiwan with warships and fighter jets, which flew in the Strait on Saturday to show Beijing's anger over Tsai's meeting with US Speaker Kevin McCarthy

Speaker Kevin McCarthy stressed the need to speed up arms deliveries to Taiwan after meeting President Tsai in California, while Taiwanese officials monitor a Chinese carrier near the island