Gina Raimondo, the commerce secretary, also emphasized U.S. national security concerns in a meeting in Beijing with Vice Premier He Lifeng, who oversees China’s economy.
Commerce Secretary Gina Raimondo has kicked off her China tour, calling for “stable” trade relations even as both countries continue to chip away at them.
Early data suggest laws to increase semiconductor production and renewable energy technology have shifted the makeup of foreign direct investment — but not increased it.
The state has little experience with semiconductors, but the Biden administration has promised to unleash opportunity in “the heartland of America” through the $52 billion CHIPS Act.