U.S. efforts to address competition with China progressed on Tuesday when the chairman of the House of Representatives Foreign Affairs Committee introduced sweeping legislation to boost economic competitiveness and push Beijing on human rights.
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SHENZHEN, China (Reuters) - Founder of Chinese tech giant Huawei Technologies Ren Zhengfei has called on the company’s staff to “dare to lead the world” in software as the company seeks growth beyond the hardware operations that U.S. sanctions have crippled.
The internal memo seen by Reuters is the clearest evidence yet of the company’s direction as it responds to the immense pressure sanctions have placed on the handset business that was at its core.
Ren said in the memo the company was focusing on software because future development in the field is fundamentally “outside of U.S. control and we will have greater independence and autonomy”.
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MANASSAS, Va. (Reuters) - U.S. Commerce Secretary Gina Raimondo said on Monday a proposed $52 billion boost in U.S. government funding for semiconductor production and research could result in seven to 10 new U.S. factories.
FILE PHOTO: Commerce Secretary Gina Raimondo testifies before a Senate Appropriations Committee hearing to examine the American Jobs Plan, on Capitol Hill in Washington, D.C., U.S., April 20, 2021. Oliver Contreras/Pool via REUTERS
Raimondo said at an event outside a Micron Technology Inc chip factory that she anticipated the government funding would generate “$150 billion-plus” in investment in chip production and research - including contributions from state and federal governments and private-sector firms.
The United States and South Korea on Friday pledged to deepen their economic and security ties, while working closely together to combat climate change and the COVID-19 pandemic, according to documents issued after a meeting of the two countries' leaders.
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WASHINGTON (Reuters) -U.S. Commerce Secretary Gina Raimondo said Thursday she held meetings with three dozen senior industry leaders on a semiconductor chip shortage and said the United States could help boost transparency in the market.
FILE PHOTO: Commerce Secretary Gina Raimondo testifies before a Senate Appropriations Committee hearing to examine the American Jobs Plan, on Capitol Hill in Washington, D.C., U.S., April 20, 2021. Oliver Contreras/Pool via REUTERS
The meeting included General Motors Co, Ford Motor Co, Stellantis NV, chip suppliers and other users of chips.
Raimondo and the Biden administration back $50 billion in U.S. government spending to dramatically boost U.S. semiconductor production and research, but it will take significant time for that spending - if approved by Congress - to boost supply.