U.S. lawmakers have introduced a bipartisan bill to boost advanced chipmaking in the U.S. so the U.S. can maintain its lead in the industry and counter the threat from China.
Semiconductors, or chips, are at the heart of the technology race and vital for national security.
They are essential to almost all electronic devices, from smartphones to computers. The chips are also critical for defense and military applications like radar and missiles.
Countries dominating the industry can have a significant political advantage over other nations.