Schumer, Manchin announce deal on reconciliation bill with tax, climate, energy provisions
CNBCMAY 2022
The Biden admin.'s focus on strengthening US semiconductor and microchip production is essential to securing America's national interests. As China threatens its neighbors in East Asia - who happen to be the US's main sources of semiconductors and microchips - it's essential that Americans get the upper hand domestically in this sector.
American attacks on Chinese advanced technology products are a political stunt that will only serve to weaken the US and strengthen China. While PRC innovation may be slowed in some fields in the short term, Beijing has shown its technological prowess with its advancements in 4G and 5G information technology, high-speed railway technology, and the aerospace industry. China's tech sector is resilient.