American Secretary of Commerce has plenty to say about the country’s decision to ban and sanction China for its chip manufacturing progress. Gina Raimondo explained in her recent interview that the decision was unwise and could limit the nation from progressing.
Referring to the act as a fool’s errand, she further explained how the Biden Administration's behavior on this was startling. Biden’s CHIPS and Science Act promotes bans against a host of Chinese firms. If that was not enough, he urged war on the nation’s semiconductor industry by encouraging allies like Japan and the Netherlands to avoid buying advanced tech from that country.
But China did not sit back in silence. It chose to tell the world that it would come out stronger than before and if that meant spending more funds to strengthen its chip-making industry, then so be it.
This is why Sec Raimondo says the act was foolish as China is winning the tech race and is now even more powerful without US support. She feels this is what a true winner does. Despite the long list of export controls in America, most companies can still procure banned chips via the black market.
Innovation from China is not coming to a slow. So many firms and organizations are left with no choice but to pursue a long list of goals despite massive roadblocks coming through via American sanctions.
These were the statements made on the occasion of Trump's returning back into the White House for a second time next year. Some states certainly have the majority of Republican strongholds and they keep on benefitting.
Now, Trump feels the Chip Deal wasn’t too bad. Instead of providing direct funding, the new administration would prefer reducing taxes, enabling tariffs, and reducing regulations while unleashing American energy.
Due to this major uncertainty related to the CHIPS Act, so many subsidy applicants continue to rush and get the right funding in place. Trump always makes plans to strengthen permits for any firm that hopes to invest a billion dollars in America. This would come at the cost of getting some reviews and regulations waived.
It’s also the major reason why SoftBank wants to make $100B investments in the world of AI and other tech. Now even if the Secretary does agree about some rules holding the country back, Raimondo does admit that some firms cannot work with impunity.
What do you think about the Secretary’s comments on America adding sanctions on China and its semiconductor technology for chips?
Image: DIW-Aigen
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Referring to the act as a fool’s errand, she further explained how the Biden Administration's behavior on this was startling. Biden’s CHIPS and Science Act promotes bans against a host of Chinese firms. If that was not enough, he urged war on the nation’s semiconductor industry by encouraging allies like Japan and the Netherlands to avoid buying advanced tech from that country.
But China did not sit back in silence. It chose to tell the world that it would come out stronger than before and if that meant spending more funds to strengthen its chip-making industry, then so be it.
This is why Sec Raimondo says the act was foolish as China is winning the tech race and is now even more powerful without US support. She feels this is what a true winner does. Despite the long list of export controls in America, most companies can still procure banned chips via the black market.
Innovation from China is not coming to a slow. So many firms and organizations are left with no choice but to pursue a long list of goals despite massive roadblocks coming through via American sanctions.
These were the statements made on the occasion of Trump's returning back into the White House for a second time next year. Some states certainly have the majority of Republican strongholds and they keep on benefitting.
Now, Trump feels the Chip Deal wasn’t too bad. Instead of providing direct funding, the new administration would prefer reducing taxes, enabling tariffs, and reducing regulations while unleashing American energy.
Due to this major uncertainty related to the CHIPS Act, so many subsidy applicants continue to rush and get the right funding in place. Trump always makes plans to strengthen permits for any firm that hopes to invest a billion dollars in America. This would come at the cost of getting some reviews and regulations waived.
It’s also the major reason why SoftBank wants to make $100B investments in the world of AI and other tech. Now even if the Secretary does agree about some rules holding the country back, Raimondo does admit that some firms cannot work with impunity.
What do you think about the Secretary’s comments on America adding sanctions on China and its semiconductor technology for chips?
Read next:
• How Can AI Help You Create Stunning Digital Designs?
• From AI Surges to Data Breaches: 2024 Internet Activity Reaches New Heights
• BMJ Study Finds Cognitive Weaknesses in AI Models, Challenging Human Replacement Claims
