US Commerce Secretary Voices Alarm Over China's Chip Breakthrough Amid Huawei Concerns

Trade & Border IssuesHot Spots
Written By Jennifer Joslyn

Commerce Secretary Gina Raimondo's got her eyebrows raised about China's chip wizardry, and she's saying Uncle Sam won't sit back. Why? Because Huawei pulled off a slick move with a new-and-improved processor in their smartphone, and the U.S. won't take that lying down.

But Raimondo's not spilling the beans on any full-blown investigation; she's just saying they're snooping around, trying to gather all the facts first. And she's giving a nod to our buddies in the Netherlands, hinting they're all in on the chip-control game.

Read more at Yahoo Finance >

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Jennifer Joslyn
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