Rubio: Biden Administration ‘Failing’ to Block Semiconductor IP Sales to China

Sen. Marco Rubio (R-Fla.) speaks at the Conservative Political Action Conference in Orlando, Fla., on Feb. 25, 2022. John Raoux/AP Photo

Republican lawmakers are in a furor after a U.S. government body approved the sale of intellectual property (IP) related to semiconductors to a company in China.

The Committee on Foreign Investment in the United States (CFIUS), which reviews national security implications of foreign investments in U.S. companies and operations, approved the sale of U.S.-based semiconductor IP developer OpenFive to Chinese-funded Alphawave IP Group.