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US Commerce Secretary Gina Raimondo mentioned her division wants more cash to cease China from catching up on cutting-edge semiconductors.
“We can’t let China get these chips. Interval,” she mentioned on the Reagan Nationwide Protection Discussion board in Simi Valley, California, on Saturday. “We’re going to disclaim them our most cutting-edge expertise.”
To do this, Raimondo mentioned the Commerce Division’s Bureau of Business and Safety, which manages export controls for the US, wants extra funding from Congress.
“I’ve a $200 million funds. That’s like the price of a couple of fighter jets. Come on,” she mentioned. “If we’re critical, let’s go fund this operation prefer it must be funded.”
Raimondo mentioned American firms might want to adapt to US nationwide safety priorities, together with export controls that her division has positioned on semiconductor exports.
“I do know there are CEOs of chip firms on this viewers who had been just a little cranky with me once I did that since you’re dropping income,” she mentioned. “Such is life. Defending our nationwide safety issues greater than short-term income.”
Raimondo known as out Nvidia Corp., which designed chips particularly for the Chinese language market after the US imposed its preliminary spherical of curbs in October 2022.
“If you happen to redesign a chip round a selected lower line that allows them to do AI, I’m going to regulate it the very subsequent day,” Raimondo mentioned.
The Commerce Division up to date the semiconductor curbs this fall to seize Nvidia’s made-for-China chips — and the corporate responded by designing three new AI parts for the Asian nation.
Communication with China may help stabilize ties between the 2 international locations, however “on issues of nationwide safety, we’ve received to be eyes vast open concerning the menace,” she mentioned.
“That is the largest menace we’ve ever had and we have to meet the second,” she mentioned.
— With help from Mackenzie Hawkins
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