in the race to expand chip contract manufacturing in the United States, where the sector is seen as an area of strategic competition with China.
U.S. President Joe Biden's administration has promised billions of dollars in federal funding to boost chip manufacturing and research to ensure it has an edge over China in advanced technologies and to address shortages for critical industries like autos.Reporting by Heekyong Yang in Seoul and Sabahatjahan Contractor in Bengaluru; Editing by Stephen CoatesSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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