Khanna: Trump-era policy worsened US chip shortage

1 min read
Source: Financial Times
Khanna: Trump-era policy worsened US chip shortage
Photo: Financial Times
TL;DR Summary

Ro Khanna, the top Democrat on the House China committee, says the Trump administration undermined Biden-era Chips Act incentives to boost U.S. memory-chip manufacturing, risking higher consumer electronics prices and greater reliance on Chinese suppliers like CXMT, which the Pentagon has blacklisted over alleged military ties. Apple is lobbying for clearance to buy CXMT chips amid AI-driven demand, while Khanna seeks clarity on funding under the act that could be delayed or withheld.

Share this article

Reading Insights

Total Reads

1

Unique Readers

7

Time Saved

5 min

vs 5 min read

Condensed

93%

99873 words

Want the full story? Read the original article

Read on Financial Times