Biden Crows About Chips Bill, Says Xi ‘Concerned’ About US Plans
- President touted chip law aimed at reducing reliance on Asia
- US expects deal with allies on chip export controls to China
Joe Biden meets with Xi Jinping in November 2021.
Photographer: Sarah Silbiger/UPI/Bloomberg
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President Joe Biden said China’s leader had expressed worries about the US strengthening its domestic production of semiconductor chips as his administration moves to reduce reliance on Asian suppliers and restrict Chinese access to chipmaking technology.
“I’ve heard from Xi Jinping that he’s a little concerned about that,” Biden said Thursday in Syracuse, New York, as he delivered a speech touting job growth and his economic agenda ahead of the Nov. 8 midterm elections.