In the 21st century, there’s no bigger challenge to the US and the free world than China, and technology is the main battlefield. The Chinese Communist Party leader Xi Jinping is obsessed with the semiconductor industry because it’s at the heart of our way of life.
The CCP is propping up China’s semiconductor manufacturing by committing $1 trillion over the next 10 years. Xi knows that dominating this sector is the key to advancing his brand of authoritarianism around the globe. That’s why he is stacking the deck in favor of Chinese companies, making it much harder for American companies to compete.
US investment in key tech sectors via initiatives like the CHIPS Plus bill takes the technological advantage away from China Inc. and returns it to the United States. The Chinese leader is so worried about the implications of the CHIPS Plus bill, his minions are lobbying against it. That should tell you how consequential this legislation is.
Technological advances have transformed our world in ways that have the power to both make us more connected than ever—and more divided than ever.
In an exclusive interview with EE Times, Keith Krach, former Under Secretary of State for Economic Growth, Energy, and the Environment in the Trump administration, speaks on the significance of the CHIPS Act...
It’s one small step for Congress, one huge leap for American competitiveness. By passing the U.S. Innovation and Competition Act (USICA) with strong bipartisan support, the Senate went a long way in countering what Secretary of State Antony Blinken called “the biggest geopolitical test of the 21st century” — China’s growing military, geopolitical, and economic aggression under the leadership of General Secretary Xi Jinping. Xi’s biggest fear is for the United States to have another Sputnik moment and commit to the equivalent of a moonshot. USICA is designed to do exactly that by taking the technological advantage away from China Inc. and returning it to the United States. Ensuring tomorrow’s technology is trusted technology that empowers free societies facing perpetual authoritarian threats. Read More