President Biden (left) and U.S. Secretary of State Antony Blinken participate in a virtual meeting with leaders of Quadrilateral Security Dialogue countries March 12. Photo: Alex Wong/Getty Images
President Biden, along with leaders from Japan, India and Australia, plan to work on building secure semiconductor supply chains when they gather for their first in-person summit in Washington this week, Reuters reports.
Why it matters: Elevating the "Quad" countries is a key aspect of Biden's strategy for competing with China, Axios' Dave Lawler reports.
- A draft of the joint statement between the nations, obtained by Nikkei business daily, states that in order to create robust supply chains, the nations "will ascertain their semiconductor supply capacities and identify vulnerability," per Reuters.