Biden hopes Intel’s investment in the US will help him advance his China agenda


Source: bollyinside.com bollyinside.com

Key Topics in this News Article:

News Snapshot:

President Joe Biden on Friday sought to jump-start a stalled element of his economic and national security agenda, a massive federal investment in manufacturing, research, and development in technologies that China is also attempting to dominate, by celebrating Intel’s $20 billion investment in a new semiconductor plant in Ohio. On Friday, US Vice President Joe Biden stated that the US-China relationship should be centred on technology and economic competition rather than pointless US-China hostility. In fact, I told Chinese President Xi that “we don’t need to fight, but we do have economic and technological competitiveness,” Biden told reporters. President Biden...