NYT: US chipmakers need China
China DailySemiconductor chips are seen on a printed circuit board in this illustration picture taken Feb 17, 2023. Swanson noted that global semiconductor companies are finding themselves in an extremely tricky position as they try to straddle a growing rift between the United States and China. Those tensions were reflected during Treasury Secretary Janet L. Yellen's recent visit to Beijing, where she tried to walk a fine line by faulting some of China's practices while insisting the United States was not looking to sever ties with the country, noted the NYT. The NYT stressed that amid tighter regulations and new incentive programs from the United States and Europe, Swanson argued, global chip companies are increasingly looking outside China as they choose the locations for their next major investments. "China is the world's largest market for semiconductors, and our companies simply need to do business there to continue to grow, innovate and stay ahead of global competitors," he said.