China can't afford to counter the CHIPS Act -- yet, experts say

With chipmakers also stuck, TSMC and Samsung 'have to pick the U.S. side'

China has made increasing its self-sufficiency in chips a national priority, but it still has a way to go, experts say. © Reuters

YIFAN YU, Nikkei staff writer

August 17, 2022 04:42 JST

ASPEN, U.S. -- After the U.S. passed the CHIPS and Science Act this month, a $280 billion bill that aims to counter China's growing influence in technology, many wondered how the Chinese government would react. As unhappy as Beijing might be, it cannot afford to mount an effective response -- at least not yet, experts said.