China's new premier, who took office this month, said Beijing opposed trade protectionism and decoupling, in veiled comments aimed at the United States

China faces a shortage of an estimated 200,000 industry workers this year, a problem that has become even more critical in face of intensified US chip rivalry

The Chinese tech giant lost access to the software in 2020 due to sanctions imposed by the US and saw its smartphone sales tank as a result

Seoul reacts to proposed new limits for recipients of US chip manufacturing and research funding that includes restrictions on investments related to expansion in China and Russia

The move follows sweeping export controls implemented by the United States last year that stopped Nvidia from selling its two most advanced chips to Chinese customers

China has been working on a more than 1 trillion yuan ($145.34 billion) support package for its semiconductor industry, amid tightening US restrictions

"There's no question in my mind that, in the chip sector, globalisation is dead," TSMC’s retired founder Morris Chang said

The investment is part of a 550 trillion won private-sector investment plan unveiled by the South Korea government to support high-tech sectors

Commerce Secretary Gina Raimondo said India could key become a key electronics supplier to the US, while adding that Washington was not seeking a "technological decoupling" from China

The development follows the Dutch government’s announcement that it would restrict exports of critical chipmaking technology to protect national security

The Netherlands considers it necessary on national security grounds to get this technology into oversight with the greatest of speed, the Dutch trade minister said

The move signifies Beijing's changing priorities as it looks to strengthen is capabilities while Washington cuts off access to cutting edge technology