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US to lead world again, Biden tells CEOs at semiconductor summit

Taiwan's TSMC says rising American chip investment 'will lift all boats'

U.S. President Biden speaks to CEOs during a virtual summit on semiconductor and supply chain resilience from the White House, with national security adviser Jake Sullivan by his side.   © Reuters

NEW YORK/PALO ALTO, U.S. -- President Joe Biden said the U.S. will invest "aggressively" in the semiconductor sector and is ready to "lead the world again," as his White House met with tech leaders Monday virtually to discuss the resilience of the global chip supply chain.

Heads of 19 companies, including Taiwan Semiconductor Manufacturing Co., Samsung's Device Solutions Division, Intel, Medtronic and Micron, are among the attendees of the CEO Summit on Semiconductor and Supply Chain Resilience, hosted by national security adviser Jake Sullivan and National Economic Council Director Brian Deese.

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