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Secretary of State Antony Blinken joined a chorus of existing and former administrative officials who urged lawmakers to pass a law that would specifically invest in studies and development and incentives for the personal sector to protect the chain of origin of complex technologies from the threats posed through China.
“The House and Senate approved spending to help this program, adding billions to produce semiconductors here and for other critical source chains,” Blinken said. “Now we want Congress to send the law to the president for his signature. “
Blinken, in particular, referred to the law being introduced through members of the House and Senate who passed their own edition of the bill that would spend at least $50 billion on subsidies to incentivize the industry to identify chip production plants — the vast majority of which are lately in East Asia. in the United States.
The Semiconductor Industry Association is pushing for more tax breaks. Some Republican members of Congress are granting a tax deduction to U. S. corporations for investments in R
Blinken delivered a speech Thursday in which he described the administration’s approach to China at George Washington University. The event, organized by the Asia Society, was presented with the aim of maintaining peace with China as tensions with Beijing rise, among other things, over the momentum involving Taiwan. , one of the leading manufacturers of silicon chips used in fashionable electronics, adding cars and fifth-generation network technology.
“We are not looking for a clash or a new Cold War. On the contrary, we are determined to avoid both. We are not seeking to save China from playing its role as a wonderful power. . . to expand their economy or promote the interests of their people,” Blinken said. “But we will preserve foreign laws, agreements, principles, and establishments that uphold peace and security, protect the rights of Americans and sovereign nations, and allow all countries, and the United States and China add, to coexist and cooperate. “
Blinken said that the administration’s policy can be summarized in 3 words: invest, align, compete. The call to Congress touches on the first component of this.
“Because our business strategy is technology-centric, we must invest in studies, progression and complex manufacturing,” he said. “Sixty years ago, our government spent more than twice the percentage of studies in our economy than we spend today. . . we used to rank first in the global in R
In terms of alignment and competition, Blinken stressed the importance of working with foreign allies and more actively protecting itself from China’s efforts to advance its own strength and technological influence, adding through domestic cyber defenses.
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