12/3/2023, 1:02 AM (Source: TeleTrader)
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Raimondo calls for key tech to be protected from China

United States Commerce Secretary Gina Raimondo spoke at the Reagan National Defense Forum in California, calling China "the biggest threat we've ever had" and urging Congress as well as tech companies to protect key US technology from Beijing. "We’re a couple of years ahead of China. No way are we going to let them catch up. We cannot let them catch up. So we’re going to deny them our most cutting-edge technology," she insisted.

Raimondo warned that "supercomputing, AI technology, AI chips" can be "as deadly as any weapon that we could provide" and that the US cannot allow them to fall into the "wrong hands." She added that the US must also coordinate with its allies on this issue. "It’s not okay if we deny China something, and the Japanese and the Germans are selling them component parts to make an EUV tool," she said, referring to extreme ultraviolet lithography tools used to make semiconductors.

Baha Breaking News (BBN) / DJ