Small technological device causing tensions between U.S., China, and Russia | 60 Minutes

Semiconductors have become a critical focal point in the escalating Cold War between the U.S. and both Russia and China. These tiny chips are essential for almost every technology in use today, yet the U.S. is heavily reliant on Taiwan for their production. Commerce Secretary Gina Raimondo has raised concerns about the national security implications of this dependency, noting that the market prioritized profit over security.

The global chip war intensified when Russia invaded Ukraine, prompting the U.S. to expand export controls on semiconductor technology to prevent it from being used in Russian military equipment. Despite these efforts, Russia has found ways to circumvent the restrictions, using chips from household appliances in their military gear.

Tensions with China have also risen, leading to export controls aimed at keeping advanced American technology out of Chinese hands. President Biden emphasized the importance of protecting U.S. technology in his State of the Union address, sparking warnings from China about a potential trade war.

Raimondo’s efforts to bring semiconductor manufacturing back to the U.S. have gained momentum, with significant investments in companies like Intel to establish chip facilities in various states. These initiatives are part of a broader strategy to reduce America’s reliance on Taiwan and create jobs in the semiconductor industry.

As the U.S. grapples with the challenges posed by Russia and China in the semiconductor sector, Raimondo remains steadfast in her commitment to safeguarding American technology and national security interests. Her proactive approach underscores the importance of maintaining a competitive edge in the global semiconductor market.