Commerce Seeks Backing for Biden's Chip Plan: Raimondo
The Commerce Department is focused on gaining support for President Joe Biden’s jobs plan, which includes increased funding for the semiconductor industry, Secretary Gina Raimondo said: The administration also is reviewing China policies. “We are right now undergoing a whole-of-government…
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review,” Raimondo told Commerce’s Advisory Committee on Supply Chain Competitiveness. “It's fair to say there may be changes, but it's early for me to say what the changes might be.” Regardless of policy changes, she said Thursday, Commerce will look to hold China accountable for unfair trade actions. Legislators and others are watching how that affects Chinese telecom gearmakers (see 2104080006).