Seoul reacts to proposed new limits for recipients of US chip manufacturing and research funding that includes restrictions on investments related to expansion in China and Russia

The move follows sweeping export controls implemented by the United States last year that stopped Nvidia from selling its two most advanced chips to Chinese customers

China has been working on a more than 1 trillion yuan ($145.34 billion) support package for its semiconductor industry, amid tightening US restrictions

In an article published at the beginning of his Moscow trip, Xi said the two countries adhered to the concept of "eternal friendship and mutually beneficial cooperation"

IT Minister Ashwini Vaishnaw said there’s an ‘ecosystem shift’ to the country as he revealed plans to develop India’s chip sector

"There's no question in my mind that, in the chip sector, globalisation is dead," TSMC’s retired founder Morris Chang said

Washington’s tech export bans have pushed up costs but prompted China to increase R&D investment and output in some advanced fields, a Chinese study has revealed

The investment is part of a 550 trillion won private-sector investment plan unveiled by the South Korea government to support high-tech sectors

A former US security adviser said China would be able to "control the world economy" if it took over Taiwan’s chip factories

Commerce Secretary Gina Raimondo said India could key become a key electronics supplier to the US, while adding that Washington was not seeking a "technological decoupling" from China

The development follows the Dutch government’s announcement that it would restrict exports of critical chipmaking technology to protect national security

For Chinese customers, the restrictions would mean “that their ability to pursue leading-edge nodes development will be significantly curtailed," Citi analyst Amit Harchandani said