Commerce Secretary Gina Raimondo told reporters that Chinese manufacturers sell chips for ultra-low prices around the world, which makes it less appealing for other companies to compete. 'We've seen chips companies hesitate to invest in the U.S.,' Raimondo told reporters, keeping America reliant on China for chips. 'We saw during COVID what happens when we need a chip and we can't have it - it fuels inflation, makes cars and washing machines more expensive and left our military supply chain vulnerable.'
Senior administration officials say initiating the investigation now builds a record for the incoming Trump administration to pick up. China doesn't stop pursuing its policies just because the U.S. is going through a transition, the officials said.
The investigation will largely focus on China's foundational semiconductors - key inputs in automobiles, medical devices and military defense systems. These are distinct from advanced AI chips, though those have also been targeted by Biden.
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