December 3rd, Reuters reported that “Raymondo said the US Department of Commerce needs more funding to prevent China from surpassing in the field of cutting-edge semiconductors.” It is worth noting that the report mentioned that US Secretary of Commerce Raymondo also named the American chip company NVIDIA in his latest statement. “We cannot let China obtain these chips.” According to Reuters, Raymondo claimed at the Reagan National Defense Forum held in Silicon Valley, California on the same day, “We must stop them from obtaining our most advanced technology.”