Do you think there's any desire on China's side to maintain or renew that kind of relationship because they seem to be diverging as well? It does seem like China has taken a kind of turn inward where they're also pretty happy to be kind of less integrated globally. And so the problem with it is that you have a high of 100 and all of these countries, the US and European Union are trying to get from 10% back up to let's say 20%.
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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