U.S. supply chain agency proposed, Taiwanese chip engineers abandon China.
China Panel Proposes U.S. Supply Chain Agency
An annual report to Congress released this week recommends creation of executive branch agency to coordinate U.S. efforts for securing domestic supply chains, including semiconductors and rare earth elements.
The recommendation by the U.S.-China Economic and Security Review Commission calls for a establishing an Economic and Security Preparedness and Resilience Office. The unit would oversee interagency efforts to strengthen U.S. supply chains “in the context of the ongoing geopolitical rivalry and possible conflict with China.”