China Challenge

CNBC International TV 01.28.2023

China’s Xi is ‘absolutely obsessed’ with the semiconductor business, says former U.S. State Department Under Secretary of State Keith Krach

Keith Krach, chairman of Krach Institute for Tech Diplomacy and former U.S. State Department Under Secretary of State for Economic Growth, joined CNBC’s Capital Connection to discuss the CHIPS and Science Act and the United States’ chip export controls on China.

Krach discusses how chip manufacturing industry is the most important industry in the world for national security & global economic security and why the onshoring of TSMC’s state-of-the-art fab was a game-changer.

The $12 billion onshoring of TSMC has led to over $300 billion in announced US investments that will boost semiconductor production, build supply chain resilience, and expand training for job creation within the industry.

Follow Keith on: