Photo:VCG The US House of Representatives will soon introduce a bill to increase US competitiveness as it relates to China and boost federal spending on semiconductors, Speaker Nancy Pelosi said on Friday as the Biden administration seeks to boost domestic chip production, Reuters reported. Domestic chip production is the US' own prerogative, but its attempt to undermine the Chinese industry could have unintended effects, as China's chip industry continues to develop with more attention from capital markets, according to analysts. The paper.cn reported that the number of Chinese chip design companies has jumped up by 26.7 percent to 2,810 in...