US Commerce Secretary: It is futile to restrain China’s progress in chip manufacturing, we must be ahead of them

According to Tom’s Hardware, due to the increasing competition between the United States and China, the issue of investment in this industry has become one of the most important business issues these days. Gina Raimondo, The US Secretary of Commerce emphasized in an interview that focusing on domestic investment and creating innovation is much more effective than imposing sanctions and export restrictions on China.

“Enacted to strengthen the semiconductor infrastructure in the United States, the CHIPS Act demonstrates the administration’s commitment to investing in this critical sector,” said Raimondo. Raimondo added that this law has led to spending more money than the total of the last 28 years for the construction and development of semiconductor infrastructure. According to him, this type of investment can help America to surpass its competitors.

Despite U.S. efforts to limit China’s access to advanced technologies through sanctions, Chinese companies are still able to source banned chips through the black market, according to recent reports. This fact shows the creativity and flexibility of Chinese companies in facing the obstacles created by American sanctions. Raimondo emphasized that the only way to overcome China is to outdo it by innovating and developing advanced technologies.

Despite this, reports indicate that the President of the United States, atmosphere Bidencontinues to insist on sanctions and bans against Chinese companies and calls on its allies, including the Netherlands and Japan, to deny China access to advanced technologies. He considers the presence of sanctions as an important factor against the development of China’s advanced technologies, especially in the field of semiconductors.

With that said, back Donald Trump To the White House at the beginning of 2025, the future of the CHIPS law will face uncertainties; Because Trump strongly criticizes this law and wants to change the government’s approach towards reducing taxes and regulations. These changes may greatly affect the speed of implementation of semiconductor projects, and many applicants for government subsidies will be under pressure to finance their projects.

Finally, US success in the semiconductor industry requires large investments in advanced technologies and innovation. Raimondo emphasized that the government should increase its support for domestic innovation to be able to develop faster than China. Thus, the United States can maintain its global competitiveness and become one of the technological leaders.