Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Rachel Shin, Irina Ivanova

America and China’s $574 billion chip war has already scored an ‘extraordinary success beyond anyone’s wild dreams’ for Joe Biden

Xi Jinping, Joe Biden (Credit: Jay L. Clendenin-Pool/Getty Images)

Last October was the starting gun in a whole new race between the U.S. and China, and this summer marked a midway point of sorts. From the vantage point of Kevin Klyman, a technology policy researcher at Harvard University, “it has gone quite well for the Biden administration in terms of getting foreign partners on board.” 

He was talking, of course, about semiconductor chips, the magical tiny structures that power everything from computers to computerized cars and are becoming something like the oil of the 21st century.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.