President Biden shrugs off Xi Jinping’s concerns about semiconductor production

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Written By Jennifer Joslyn

🤷‍♂️ President Biden shrugs off Xi Jinping’s concerns about semiconductor production.

That was the point, after all. Biden hailed the bipartisan Chips and Science Act, passed in August 2022, which is meant to incentivize companies into producing and source semiconductor chips on domestic soil. While China, the current world leader in the product, is “voicing concerns” - America is on a mission to out-pace them.

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Jennifer Joslyn
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