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The false promise of America's CHIPS Act

WASHINGTON, DC  —  The US Congress recently approved the CHIPS and Science Act, which allocates over $50 billion to strengthen the semiconductor industry in the hope of making the United States self-sufficient. And US Trade Representative Katherine Tai said that President Joe Biden’s administration should be “replicating” the CHIPS Act for other industries “as the key to
United States World Bank District Of Columbia Chris Miller Anneo Krueger Katherine Tai

Escalating chip war

The global semiconductor war is intensifying. Above all, Chinas “rise” in the chip-making industry is alarmingly fast. According to a report published by the U.S. Semiconductor Industry Association (SIA), China increased its share of the global semiconductor market to 7 percent in 2021, up from 5 percent in 2018-20. That was the result of Beijings extensive support for Chinese chipmakers to lift the domestic production ratio to 70 percent by 2025.
United States Yoon Suk Yeol Joe Biden Us Semiconductor Industry Association National Assembly Industry Association

The false promise of Washington's flawed CHIPS Act

The US Congress recently approved the CHIPS and Science Act, which allocates over $50 billion (1.86 trillion baht) to strengthen the semiconductor industry in the hope of making the United States self-sufficient. And US Trade Representative Katherine Tai said that President Joe Biden's administration should be "replicating" the CHIPS Act for other industries "as the key to American competitiveness".
United States Chris Miller Katherine Tai Joe Biden Us Congress Tufts University

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