Gina Raimondo says ‘we’ve out-innovated China’ amid chips war
Commerce Secretary Gina Raimondo proudly held up the progress of American industry on semiconductor manufacturing Sunday, declaring that the U.S. has “out-innovated” China as the two nations fight to advance their domestic technology manufacturing. Semiconductor manufacturing has been a major priority of President Biden’s domestic policy, with Raimondo at the head. Biden has repeatedly held up the CHIPS Act, which invested billions in domestic semiconductor manufacturing, as both an economic and national security victory during his reelection campaign. “If you think about national security today in 2024, it’s not just tanks and missiles; it’s technology. It’s semiconductors. It’s AI. It’s drones. And the Commerce Department is at the red-hot center of technology,” Raimondo said in a CBS “60 Minutes” interview with Lesley Stahl on Sunday. She warned that relying on China for semiconductor manufacturing puts critical American industries at risk, and noted that the administration has made strides towards taking that manufacturing stateside. “We want to trade with China on the vast majority of goods and services. But on those technologies that affect our national …