US Won’t Help Fund China’s Chip Ambitions, Rahm Emanuel Says

The US is “not in the business” of aiding rival chip-producing countries, Ambassador to Japan Rahm Emanuel said, as the White House steps up efforts to deny China access to American technology.

“It’s one thing if you’re going to have competition,” Emanuel said on Monday in an interview with Bloomberg Television. “The other thing is if you actually help the competitor compete,” he added. “We’re not in the business of funding and supporting and doing the hard work and research to fund you to compete against us.”