U.S. Aims to Strengthen Semiconductor Supply Chain, Expands Focus on Philippines

Commerce Secretary Gina Raimondo announces over $1 billion in investments and explores further export controls on China.

U.S. Commerce Secretary Gina Raimondo emphasizes the need to diversify the global chip supply chain, targeting the Philippines for significant expansion.
Raimondo announces over $1 billion in U.S. investments in the Philippines, aiming to double its semiconductor facilities.
The U.S. assesses expanding export controls on chips to China, aiming to prevent military advancements.
Raimondo leads a trade delegation to the Philippines and Thailand, reinforcing the U.S.-Philippine alliance and exploring further investment opportunities.
The Biden administration considers tightening controls on China's access to advanced semiconductor technologies to protect U.S. interests.