Taiwan's Globalwafers will start work in November on the first silicon wafer facility built in the US in more than two decades.

Vedanta won subsidies on expenditure and cheap power from western Gujarat state to build the computer chip mega-project, sources say

From next month US companies that export chipmaking equipment to Chinese factories that produce advanced chips with sub-14nn processes will require a government licence

Some executives say the US ban on exports to China of Nvidia and AMD's advanced computer chips could backfire if it creates chances for startups in China's fast-growing chip market.

"We cannot allow Chinese companies beholden to the Communist Party into our telecommunications networks and millions of Americans’ iPhones,” Senator Marco Rubio said.

The ban aims to prevent US semiconductor technology from falling into Chinese hands, US Commerce Secretary Gina Raimondo said

Hynix’s parent, the SK Group, also recently announced plans to build a chip packaging facility in the United States

Top universities and research institutes in China have been spending large sums on advanced US computer chips designed by Nvidia to power artificial intelligence research work.

Chinese tech chiefs at the World Artificial Intelligence Conference in Shanghai are said to be looking at speeding up their own AI chip development programme

Foreign investors are lining up to capitalise on the opportunity, with new plants planned in Tamil Nadu and Bangalore, the Financial Times said.

World's largest contract chipmaker TSMC is building a $12 billion semiconductor plant in US state of Arizona

Market watchers say the latest ban is likely to affect a swathe of Chinese tech companies including giants such as Alibaba Group, Tencent Holdings, Baidu, and Huawei Technologies.