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In 2022, president and US Congress solidified support of industry by passing sweeping legislation aimed at funding and incentivizing US electric mobility manufacturing for next decade. Rulemaking for key statutes like the Infrastructure Investment and Jobs Act, CHIPS act.
China continues to play a long game, whereas the US tactical assault on Chinese technology is all about short-term gains. As long as the US is trapped in a political system that places little value on strategy, there is no guarantee it will prevail in an existential tech conflict.
Passage of the law sparks more funding, innovation, and industry advancement from major chip makers, tech giants, and even overseas investors.
KTRH-AM covering local news from Houston and across Texas.
As per Bloomberg, the Taiwan Ministry of Finance announced that its export of IC chips rose 18.4% from a year earlier, continuing a trend that has been...