US Secretary of Commerce Gina Raimondo, speaking in Congress, warned that if access to chips were lost
According to Raimondo, in this case, the United States will not be able to ensure its security, since it will not be able to create military technologies.
US concerns about Taiwanesesemiconductor industry is intensifying due to China's rhetoric about its unwillingness to recognize the independence of Taiwan. In this regard, the United States passed the law "On Chips", which implies the allocation of $ 52 billion by the government for the development of the country's semiconductor industry.
“Loss of access to Taiwanese chipscause a deep and immediate recession. Subsequently, this will lead the country to the inability to produce military equipment and provide its own protection. We have to do it in America,” Raimondo stressed, speaking in Congress.