Biden’s SOTU Should Spur More Bipartisan Action on CCP-Backed Semiconductor Companies

On the heels of the Chinese spy balloon incident, President Biden delivered his State of the Union (SOTU) address. Three welcome calls to action related to China came through:Energize American semiconductor production, research, and innovation.Check China’s dominance in semiconductor production and other technologies.Work with international partners aimed at protecting advanced technology.The first of the key points in President Biden’s address was the bipartisan passage of the CHIPS Act, a law designed to help increase domestic production, research, and innovation in the semiconductor industry. He clearly stated, “We’re going to make sure the supply chain for America begins in America,” and later pointed out that investing to make America stronger means “Investing in American innovation, in industries… Read More