Yellen urges Asia to tap CHIPS Act funds for semiconductors

U.S. Treasury Secretary also says Amkor plans mega chip plant in Vietnam

20230721 yellen chips

U.S. semiconductor subsidies aren't just for domestic factories: Washington will pay foreign friends to invest in chips, something Asia should exploit, Treasury Secretary Janet Yellen said in Vietnam. (Photo by Lien Hoang)

LIEN HOANG, Nikkei staff writer

HANOI -- Asian countries should invest in semiconductor chips with the help of a half-billion dollar fund from the U.S., Treasury Secretary Janet Yellen said in Vietnam on Friday.

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