US Commerce Secretary Urges More Funding to Prevent China from Gaining Cutting-Edge Semiconductors
US Commerce Secretary Gina Raimondo appeals for increased funding to prevent China from gaining access to cutting-edge semiconductors. Raimondo emphasizes the importance of denying China these advanced technologies and urges American companies to adapt to national security priorities. She specifically mentions Nvidia Corp. and the need to control chips designed for the Chinese market. Raimondo highlights the ongoing cat-and-mouse game between the US and China in the semiconductor industry and stresses the need for vigilance in matters of national security. She declares the situation with China in the semiconductor industry as the biggest threat the US has ever faced.