Global Chip Battle Heats Up as Governments Pour $81 Billion in Subsidies for Semiconductor Production from sb cine production Watch Video

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✓ Published: 14-May-2024
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Governments worldwide have allocated $81 billion in subsidies to bolster semiconductor production, aiming to compete with China for technological supremacy. Concerns over China's advancements in electronics have been heightened during the pandemic due to chip shortages, emphasizing the economic importance of these devices. This has sparked competition among countries and led to significant investments in the semiconductor industry.  The US has imposed export controls on China to prevent them from accessing advanced chip technology, leading to tension between the two countries. The US is also working to revive its own tech manufacturing and aims to produce 20% of the world's most advanced logic semiconductors by 2030.

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Copeland aims to significantly increase production capacity at its Cookstown plant to meet increasing European demand for sustainable low-carbon heat pumps to address climate change.<br/>The American company aims to significantly increase production capacity at its Cookstown plant to meet increasing European demand for sustainable low-carbon heat pumps to address climate change.<br/><br/>The investment at Ballyreagh Industrial Estate includes a 3,500 square metre building expansion including new production lines which will significantly increase overall plant production, doubling capacity and increasing flexibility to meet future demand.<br/><br/>Celebrating news of the expansion, Copeland will host a special event today (Tuesday) which will be attended by Ross Shuster, Copeland chief executive officer and Sandro Matic, president of Copeland Europe.
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