US Secretary of Commerce Gina Raimondo, in her speech to Congress, said the country’s economy would face a “deep and sudden recession” if access to Taiwan’s chips were lost. Message about it seen On The Register’s website.
Raimondo spoke about the potential problem and urged senators to start subsidizing the construction of semiconductor factories on US soil as soon as possible. In 2021, the United States passed the Chip Act, which required the government to allocate $52 billion to develop the semiconductor industry in the country.
“Losing access to Taiwan-made chips will cause a deep and immediate recession. Subsequently, this would render the country unable to manufacture military equipment and provide its own protection. we must succeed [построить фабрики] In America,” said Raimondo.
The publication notes that as Beijing’s reluctance to recognize Taiwan’s independence is increasingly heard in the PRC’s rhetoric, US concern over the country’s semiconductor independence is growing.
Formerly socialbites.ca WroteBecause the US authorities blocked the start of construction of the Intel factory in Ohio.