debt and getting financial regulations and co ordinate in the event of an economic shock. slowly emerging as a key player in the biden administration handling of this challenging relationship to the two superpowers. planning to visit china again next year, second visit sincejuly. a major faultline between washington and beijing is the race to develop advanced semiconductors. chips power everything from smartphones to high end military equipment and are increasingly seen as crucial to the global economy. some countries, led by the us, have been trying to stem china s progress in the sector. this week, south korea and the netherlands, two key nodes in the global chip supply chain said they are partnering up. the announcement came during a state visit by the south korean president to netherlands. our two countries have decided to establish semiconductor alliance encompassing governments, businesses, and universities. the netherlands, the world s largest producer of semiconductor