When China acceded to the World Trade Organization in 2001, I think there was a lot of hope that playing field would be leveled. That robust trade relationship with China looks like it's pretty broken and doesn't seem like it could easily be repaired. So is it realistic to think that chips could be manufactured in the way that you're saying or is it that the US and China really are going to need to manufacture them themselves?
Since the CHIPS and Science Act passed in 2022, the US Commerce Department has been working to create a network of research and development sites around the country, as part of the National Semiconductor Technology Center. The goal: to rebuild America’s domestic semiconductor capacity and competitiveness.
Bloomberg reporter Eric Martin breaks down the CHIPS Act and what this tech center aims to accomplish. And Dr. Sarah Kreps, a government professor and Director of the Cornell University Tech Policy Institute, looks at the geopolitics and national security interests involved in moving US chip innovation forward.
Read more: Biden Is Setting Up an $11 Billion Chips Network to Bolster US National Security.
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