Obama to Urge Protection for Chip Industry

SAN FRANCISCO—Before he leaves office later this month, U.S. President Barack Obama is preparing to recommend that the U.S government toughen its stance against Chinese investment in the semiconductor industry, according to the Wall Street Journal.

According to the Wall Street Journal article, published Monday (Jan. 2), the Obama administration is preparing to issue a report by that will include recommendations that would seek to temper what many see as an aggressive incursion by China into an industry that is considered critical to U.S. national security.

The report is being prepared by Obama’s top science and technology adviser, John Holdren.

The report is expected to recommend that the Committee on Foreign Investment in the U.S. (CIFUS) take a stricter stance on potential acquisitions by Chinese entities, according to the Journal article. CIFUS is an inter-agency committee of the U.S. government’s executive branch that reviews the national security implications of foreign investment in U.S. companies or operations.

To read the rest of this article, visit EBN sister site EE Times.


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