US and China both face tough struggles as war for chip supremacy intensifies following American export restrictions

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Restrictions announced last week on Chinese access to US semiconductor technology raise the stakes significantly in the US-China tech war, but Washington’s bid to regain chip manufacturing primacy and slow China’s military and economic rise faces huge challenges, industry analysts said.

The odds are long at best that the US chip industry can again dominate a field it pioneered, catch market leader Taiwan Semiconductor Manufacturing Company (TSMC) – which makes some 90 per cent of the world’s most advanced chips – or match Samsung Semiconductor Global any time soon.