295 | Chris Miller: The Chip War and the Fight for the World's Most Critical Technology
The Realignment
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Is There a Structural Reason Why the Chip Industry Has Consolidated?
I think it is mostly driven by good reasons. There's a huge return to scale in the chip industry because the more chips you produce, the more efficient you get. But that doesn't mean we should have the government trying to rescue firms like Intel or other companies facing difficulties with their business model. And so there's got to be a real balance between industrial policy and free markets.
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