Presented by

Atlantic Council, Global China Hub and Krach Institute logos

Event Recap

New Atlanticist

Sep 29, 2022

Commerce Secretary Raimondo: Corporate America is increasingly considering pulling out of China

By Nick Fouriezos

At an Atlantic Council Front Page event, US Secretary of Commerce Gina Raimondo offered a glimpse into the high-stakes race between the United States and China to dominate tech and other sectors.

China Economy & Business

The Global Tech Security Commission (GTSC)—a joint partnership between the Atlantic Council’s Global China Hub and Krach Institute for Tech Diplomacy at Purdue—hosted a conversation with the US Secretary of Commerce Gina Raimondo, on September 29, 2022.

China’s rapid development in high technology has become a key facet of the ongoing strategic competition between the United States and China, particularly in many of the Critical and Emerging Technologies (CETs) that the White House National Science and Technology Council identified as significant to U.S. national security. In recognition of this, President Joe Biden signed into law the CHIPS and Science Act of 2022, which provides the Department of Commerce with $50 billion to revitalize the U.S. position in semiconductor research, development, and manufacturing—while also investing in the modernization of America’s workforce.

Keith Krach, co-chair of the Global Tech Security Commission and chairman and co-founder of the Krach Institute for Tech Diplomacy at Purdue University, spoke with Secretary Raimondo on these key areas of tech competition between the United States and China, as well as provide updates on the GTSC’s recent activities.

The Global Tech Security Commission is pleased to present this live event as part of the Atlantic Council’s #ACFrontPage event series, our premier ideas platform spotlighting global leaders and championing constructive solutions to global challenges. The Commission is designed to rally and unify like-minded countries, leverage the innovation and resources of the private sector, and build a global network to develop, protect, and adopt trusted technologies.

An #ACFrontPage Event

Atlantic Council Front Page is our premier live ideas platform for global leaders to discuss the defining challenges of our time. #ACFrontPage is a high-level event series featuring top newsmakers across multiple digital platforms. Harnessing the convening power and expertise of the Council’s sixteen programs and centers, #ACFrontPage leverages the Council’s capabilities in social media, press, and digital outreach to spotlight the world’s most prominent leaders and the most compelling ideas across sectors and engage new audiences eager for nonpartisan and constructive solutions to current global challenges. This widely promoted program features the Council’s most important guests and content serving as the highlight of our programming.

Fireside chat featuring

Gina Raimondo
US Secretary of Commerce

Keith Krach
Chairman and Co-Founder
Krach Institute for Tech Diplomacy at Purdue;
Former US Under Secretary of State for Economic Growth, Energy and Environment

Opening remarks by

Global China Hub

The Global China Hub researches and devises allied solutions to the global challenges posed by China’s rise, leveraging and amplifying the Atlantic Council’s work on China across its fifteen other programs and centers.