China is still years behind the U.S. despite Huawei's breakthrough chips, Raimondo tells '60 Minutes'
Publishing timestamp: 2024-04-22 10:36:04
Summary
Commerce Secretary Gina Raimondo downplays Huawei's chip breakthrough, stating that the U.S. remains ahead of China in critical technology. The Biden administration's chip export policies are working to protect national security. The global chip race has intensified after Russia's invasion of Ukraine, leading to tighter export controls. Billions of dollars from the CHIPS and Science Act are being allocated to boost the U.S. semiconductor industry.
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