'The only way to beat China is to stay ahead of them' says US commerce secretary as she backs CHIPS investments handed out to Intel, TSMC over sanctions

The outgoing Biden administration has made a point of prioritising chip manufacturing over its four year run, while also enforcing tough sanctions on China in order to slow down its chip making progress.

With only a few weeks until the incoming Trump administration takes over, US commerce secretary Gina Raimondo has given an interview (via The Wall Street Journal) in which she discusses her belief that export controls matter far less than infrastructure investment in the global race for chip domination.