U.S.-Based Chip-Tech Group Moving to Switzerland Over Trade Curb Fears
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U.S.-based chip-tech group moving to Switzerland over trade curb fears
A U.S.-based foundation overseeing promising semiconductor technology developed with Pentagon support will soon move to Switzerland after several of the group's foreign members raised concerns about potential U.S. trade curbs.
The nonprofit RISC-V Foundation (pronounced risk-five) wants to ensure that universities, governments and companies outside the United States can help develop its open-source technology, its Chief Executive Calista Redmond said in an interview with Reuters.
She said the foundation's global collaboration has faced no restrictions to date but members are "concerned about possible geopolitical disruption."
"From around the world, we've heard that 'If the incorporation was not in the U.S., we would be a lot more comfortable'," she said. Redmond said the foundation's board of directors approved the move unanimously but declined to disclose which members prompted it.
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