Titanium Media App reported on August 26 that on August 25, local time, US President Biden signed an executive order aimed at implementing the "Chip and Science Act of 2022". Regarding the bill, the Chinese Ministry of Foreign Affairs and the Ministry of Commerce have made it clear that China is firmly opposed to disrupting international trade. According to the White House website, the executive order signed by Biden on the 25th set six priorities for implementing the "Chip and Science Act" and also established a 16-member interagency steering committee, led by Assistant to the President for National Security Affairs Sullivan The other three co-chairmen include US Secretary of State Blinken, Treasury Secretary Yellen, Defense Secretary Austin and Commerce Secretary Raimondo. (Source: World Wide Web)
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