A Conversation with US Secretary of Commerce Gina Raimondo

The Hon. Keith Krach


How has the Department of Commerce begun implementing the CHIPS and Science Act to compete with China?

China’s rapid development in high technology has become a key facet of the ongoing strategic competition between the United States and China, particularly in many of the Critical and Emerging Technologies (CETs) that the White House National Science and Technology Council identified as significant to U.S. national security. In recognition of this, President Joe Biden signed into law the CHIPS and Science Act of 2022, which provides the Department of Commerce with $50 billion to revitalize the U.S. position in semiconductor research, development, and manufacturing—while also investing in the modernization of America’s workforce.

Keith Krach, Co-Chair of the Global Tech Security Commission and Chairman and Co-Founder of the Krach Institute for Tech Diplomacy at Purdue University, spoke with Secretary Raimondo on these key areas of tech competition between the United States and China, as well as provided updates on the GTSC’s recent activities.