Gina Raimondo says ‘we’ve out-innovated China’ amid chips war

News Snapshot:

Commerce Secretary Gina Raimondo proudly held up the progress of American industry on semiconductor manufacturing Sunday, declaring that the U.S. has “out-innovated” China as the two nations fight to advance their domestic technology manufacturing. Semiconductor manufacturing has been a major priority of President Biden’s domestic policy, with Raimondo at the head. Biden has repeatedly held up the CHIPS Act, which invested billions in domestic semiconductor manufacturing, as both an economic and national security victory during his reelection campaign. “If you think about national security today in 2024, it’s not just tanks and missiles; it’s technology. It’s semiconductors. It’s AI. It’s...