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US Chip Moves Offer Opportunities for Allies, Rahm Emanuel Says


President Joe Biden’s moves to reorient chip supply chains present business opportunities for allies in line with US national security interests, according to Rahm Emanuel, the American ambassador to Japan.

“There’s a group now meeting with our commerce secretary to understand the opportunities that exist from that Chips act,” Emanuel, a longtime Democratic Party insider and former Chicago mayor, told Bloomberg Television Thursday, referring to a $50 billion law designed to bolster domestic chip production. Companies from Japan and elsewhere could expand their footprint in the US or for research and development, he added.