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In 2021, Intel reassigned Bai to oversee its global supply chain and he left the company the following year. Bai, 62, had been CEO of another Chinese chip manufacturer, Rong Semiconductor, since 2022.
The move comes amid ongoing national security concerns but industry executives worry about the impact on U.S. firms.
Biden cited a need to thwart smuggling efforts, close loopholes in trade policies, and establish the U.S. and its allies as the global leaders in AI technology.