Political Quotes

“Let me suggest to my friend from Utah that I agree with a lot of what he said about this legislation that we are going to be voting on within the hour. I would simply add that while this bill has had many names--lately, they call it the chips bill; it has also been called the China bill and so forth--but theoretically, it is supposed to be competing against China. But I would point out that since 2005, Intel has invested at least $700 million in Chinese technology companies, including at least four microchip startups. In 2020, 2 years ago, Intel invested in two Chinese semiconductor startups, ProPlus and Spectrum Materials, as part of a $132 million investment in 11 startups, including 3 in China. So we are investing, ostensibly to protect us from China, in a company that, in fact, invests in China. I yield the floor. The PRESIDING OFFICER. The Senator from Oregon.”