Huawei's 7-nanometer chip breakthrough is ‘years behind what we have,' U.S. Commerce Secretary says [Fortune]
Intel Corporation (INTC)
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Source: Fortune
In an interview with CBS News' 60 Minutes, Raimondo downplayed the company's claims of a breakthrough and said the technology gap shows the Biden administration's success in imposing export controls on China. While Raimondo was visiting China in August, Shenzhen-based Huawei unveiled a smartphone powered by a homegrown advanced 7-nanometer chip, technology that's generations ahead of where the US hoped to halt China's advances. “It's years behind what we have in the United States,” Raimondo said in the interview broadcast Sunday. “We have the most sophisticated semiconductors in the world. China doesn't. We've out-innovated China.” Raimondo has vowed to take the “strongest possible” action to protect US national security, and Commerce Under Secretary Alan Estevez has said that Huawei's chipmaking partner Semiconductor Manufacturing International Corp. “potentially” violated US law . The Biden administration is considering blacklisting Chinese companies it suspects could make ch
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