The Biden administration is actually trying to bring together multiple narratives. I think the CHIPS Act and also the Inflation Reduction Act both have this element. It's got a very strong resilience aspect of not wanting to rely on semiconductors being manufactured 90% in Taiwan, which may be subject to invasion. We're even seeing the big Taiwanese chip maker TSMC is building a factory in Phoenix,.
It was supposed to boost prosperity and democracy at the same time. What really happened? According to the legal scholar Anthea Roberts, it depends which story you believe.