3min chapter

GZERO World with Ian Bremmer cover image

Can the US and China find common ground?

GZERO World with Ian Bremmer

CHAPTER

The Battle Over Chips

The 2022 Chips and Science Act provided $280 billion in funding to develop the American semiconductor industry. The act is designed to both ensure the production of chips, but also to provide resources to ensure that there's adequate investment in the actual IP. And specifically, when we take a look at how this technology is going to be used, it has two very large benefits. This is an act directly related to the need to have better and more prepared military technologically.

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