US, China lock horns over capturing semiconductor chip market: Report

Washington: Semiconductor chips have gained huge importance in the global economy. The United States, the leading chip manufacturer and China which is desperately trying to conquer the chip market, are trying to overtake each other although the US seems to have an advantage, reported Inside Over.

The semiconductor chip market which is currently 500 billion dollars (USD) is expected to double by 2030. So whoever controls or dominates the semiconductor market’s supply chain will be a future superpower. The report further states that China wants to own the technology to make chips which is still a US domain. That is why the US trying to control this technology flow to China, according to the report by Federico Giulifor Inside Over.