In April, U.S. Commerce Secretary Gina Raimondo took the stage in the Belgian city of Leuven with a warning: “About 60% of all new ‘legacy chips’ coming into the market in the next handful of years will be produced by China,” she told reporters.
The U.S. and its allies are controlling China’s access to advanced chips used to power cutting-edge applications like AI. But much of the industry makes so-called mature chips, less sophisticated products that power household appliances, electric vehicles, and other everyday products.
