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US risks losing tech edge without swift action

October 05, 2023 | Commerce, Science, and Transportation: Senate Committee, Standing Committees - House & Senate, Congressional Hearings Compilation


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US risks losing tech edge without swift action
In a recent government meeting, concerns were raised about the United States' competitive edge in critical technology sectors, including artificial intelligence, quantum computing, advanced wireless technology, and biotechnology. Officials emphasized the urgency of maintaining this advantage, particularly in light of rapid advancements by global competitors.

Senator Baldwin highlighted the importance of the Regional Technology and Innovation Hub Program, which aims to bolster innovation and manufacturing within the U.S. She noted Wisconsin's application focused on biohealth and personalized medicine technology, underscoring the state's strong research institutions and manufacturing capabilities. Baldwin urged for continued funding to support such initiatives, reflecting a broader commitment to fostering domestic technological growth.

The discussion also touched on the implications of the CHIPS and Science Act, which seeks to address the trend of American companies conducting research domestically but manufacturing products overseas. Baldwin pointed out that while current laws mandate that inventions from federally funded research be manufactured in the U.S., these requirements are often waived. She cited a concerning example where breakthrough battery technology developed with taxpayer funding was licensed to a Chinese company for production abroad.

The meeting concluded with a call for the Department of Commerce to play a pivotal role in ensuring that American innovations are not only developed but also produced domestically, reinforcing the administration's commitment to the \"Invent it here, make it here\" executive order signed by President Biden earlier this summer.

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