Abstract:
On August 9, 2022, the U.S President Joe Biden signed the Chip Act of 2022 into law and began its implementation. As the further implementation of the semiconductor incentives of National Defense Authorization Act for the Fiscal Year 2021, the law has set seven provisions which can be divided into two parts: industrial policies and “poison pill clause”. The former tries to rebuild America’s chip industry chain by providing financial assistance to chip manufacturers, while the latter wants to invite global chip enterprises to invest in the U.S. and deter the momentum of advanced chip technology of China and any other foreign country of concern. Although the Chip Act of 2022 may not achieve the expected goals for various reasons, it does have an adverse impact on the external environment for the development of China’s chip industry. Therefore, we should start with different policies of diplomacy, industry and intellectual property to create opportunities for China’s chip industry.
