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RISC-V, pronounced "risk five," is a free open-source technology that competes with costly proprietary technology from British semiconductor and software design company Arm Holdings and Intel Corp. It can be used as a key part of anything from a smartphone chip to advanced processors for artificial intelligence.

US Plans China RISC-V Technology: Now, a broader group of 18 lawmakers that includes five Democrats is asking the Biden administration for how it plans to prevent China "from achieving dominance in ... RISC-V technology and leveraging that dominance at the expense of US national and economic security," according to a letter the group sent to Raimondo and seen by Reuters.