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President Joe Biden’s blueprint for the U.S. semiconductor industry marks an ambitious effort to set industrial policy for a critical sector of the economy, but the strategy will need more money and global support to take back chip supremacy and preempt a rival effort from China.

The White House has outlined a sweeping plan to secure the conduits for critical products from medicines to chips, responding in part to the growing economic and political sway of China.

Biden Will Need More Than $52 Billion for Chip Effort Bloomberg 1 hr ago Bloomberg News (Bloomberg) -- President Joe Biden’s blueprint for the U.S. semiconductor industry marks an ambitious effort to set industrial policy for a critical sector of the economy, but the strategy will need more money and global support to take back chip supremacy and preempt a rival effort from China. The White House on Tuesday outlined a sweeping plan to secure the conduits for critical product...

Biden Will Need More Than $52 Billion for Chip Effort, Analysts Say Adam Glanzman/Bloomberg News President Joe Biden’s blueprint for the U.S. semiconductor industry marks an ambitious effort to set industrial policy for a critical sector of the economy, but the strategy will need more money and global support to take back chip supremacy and pre-empt a rival effort from China. The White House on June 8 outlined a sweeping plan to secure the conduits for critical products from medicines to chip...