China is still years behind the U.S. despite Huawei's breakthrough chips, Raimondo tells '60 Minutes'

Commerce Secretary downplays Huawei’s microchip breakthrough, claiming US’s technological superiority. She states that Biden administration’s chip sales restrictions to China are effective, despite a Chinese-made chip in a Huawei phone last year. Raimondo mentions US’s advanced semiconductors, claiming China is years behind. She acknowledges that Huawei potentially violated US law by receiving advanced chips from SMIC. US has tightened restrictions on semiconductor sales to China. Raimondo asserts the need to protect national security. The chip race intensified after Russia’s invasion of Ukraine, prompting tighter export controls. Raimondo mentions US’s CHIPs Act to strengthen domestic semiconductor industry and compete with China.