US Must Develop Chips To Keep Up With China, Biden Admits
September 10, 2022
6:42 am
President Joe Biden while speaking yesterday at a ceremony to break ground on a semi-conductor plant that making sophisticated computer chips is a matter of US national security in the face of an ‘assertive’ China.
‘All of this is in our economic interest, and itβs in our national security interest as well,’ Biden said at the site where Intel plans to build a $20 billion factory.
Biden made the trip to highlight recent legislation passed at his behest setting aside $52 billion to boost US semiconductor production. He said the initiative was part of the broader rivalry between the United …
