The US Treasury Minister Yellen said that the United States has excessively rely on China in terms of critical supply chains, especially clean energy products.She said the United States needs to expand the source of supply.
Reuters reported that Yellen made a speech at the CEO of Fortune in Washington on Tuesday (October 3), reiterating her long -term view that the United States did not seek to decompose with China in economics.
Yellen also said that she was not a "firm believers" in industrial policy, but when other countries established the semiconductor industry with huge subsidies, she believed that the United States had standing on the side for too long.
She warns that without a powerful semiconductor industry that belongs to her own, the United States will face national security concerns, and refers to The chip and science bill passed last year will help to reverse this trend.
Yelun said: "If we think that abandoning semiconductor manufacturing based on all actual goals is a wise strategy for the United States, then we are deceiving ourselves."
