US President Joe Biden: America is fully prepared to give competition to China in semiconductor manufacturing and research. Indeed, the US House of Representatives has approved a new bill, which will help America compete with China in the field of semiconductors. US President Joe Biden praised the US House of Representatives for this, saying that it has been designed keeping in mind the need for a common bilateral agreement along with many bilateral aspects.
Biden praises US Parliament
Referring to Joe Biden’s statement issued on February 4, ANI said, “The US Parliament has called for a stronger supply chain and lower prices, more manufacturing in the country and more manufacturing jobs, and China in the 21st century.” And has taken an important decision to leave the rest of the world behind. I commend Speaker Pelosi, Majority Leader Hoyer, Whip Clyburn and Chairwoman Eddy Beurnais for their leadership in this work.”
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Bill is necessary to increase the pace of economy
Biden said, “This bill is necessary to further accelerate the pace of the American economy. National security leaders of both the parties of America had called it necessary. It is also necessary to strengthen America’s competitiveness on the world stage. Along with this, he appealed that if the Republican MPs of the House want to strengthen the country’s economy and want to compete with China, then they should come forward to support this bill. He said, he wants the Senate to approve it soon so that he can sign it immediately. American can’t wait.
China’s relations with Russia and Iran will also be reviewed
With the approval of this law, American businesses will be able to increase the production of semiconductors and strengthen the country’s economic and national security by removing the flaws in its supply chain. The bill also includes a review of China’s cooperation with Iran and Russia in areas such as energy, banking, space and defence, and a review of China’s relations and impacts around the world.
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China’s dominance in the semiconductor sector
China currently dominates the semiconductor sector. During the tenure of former President Trump, the US had stopped the supply of materials needed to make semiconductor microchips to China’s multinational company Huawei. Now the Biden administration has taken a strategic and industrial initiative to overtake China in this matter. An agreement has been reached between the US, Japan and the Netherlands regarding stopping the supply of China around the world. These three countries manufacture the machines required to make semiconductors.
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