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Raimondo Calls for Increased Funding to Counter China's Tech Ambitions

The US Commerce Secretary urges businesses to prioritize national security over short-term revenue in the face of China's technological advancement.

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Overview

  • US Commerce Secretary Gina Raimondo has called for increased funding to prevent China from gaining access to advanced semiconductors and AI technologies.
  • Raimondo has previously imposed restrictions on the export of these technologies to China, citing national security concerns.
  • Nvidia, a leading chip manufacturer, has been criticized for designing products that circumvent these restrictions.
  • Raimondo has urged American businesses to prioritize national security over short-term revenue.
  • Raimondo has stated that the US leads the world in AI and advanced semiconductor design, and will not allow China to catch up.