U.S. Commerce SecretaryGina Raimondo dismissed Huawei Technologies Co.‘s latest chip technology as significantly lagging behind the United States. What Happened: On Sunday, in an interview with CBS News’ 60 Minutes, Raimondo, a member of President Joe Biden’s cabinet, downplayed the significance of Huawei’s new chip technology, stating that it underscores the success of the Biden administration’s export controls on China, reported Bloomberg. During her visit to China in August, Huawei unveiled a smartphone powered by a homegrown advanced 7-nanometer chip, a technology that is reportedly severa…
