October 17, 2023
Explainer: Biden Combines Billions in Chipmaking Grants with China Curbs to Keep U.S. Ahead
Source: Reuters
Journalist: Alexandra Alper
As the United States has slashed the amount of top technology headed to China, it has also been using the promise of billions of dollars of funding to entice non-Chinese chipmakers to set up shop, or expand operations, in the United States.
"Chips are at the center of the administration's economic security and national security agenda when it comes to managing the competition with China," said Emily Kilcrease, senior fellow at the Center for a New American Security and former deputy assistant U.S. Trade Representative.
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