Does It Go Far Enough?

Biden and his administration unveiled this Tuesday for its chips for America program, which intend to build up semiconductor research and manufacturing in the United States. It's an interesting developments, I would say, you know, yet further proof that the new order we're seeing emerge in the kind of post COVID years after having had to rely on global supply chains. And also in what we're seeing a ratcheting up of tensions with China is clearly an important development.