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#59 – Chris Miller on the History of Semiconductors, TSMC, and the CHIPS Act

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Chips Act

The Chips Act is really best read as an insurance policy in case of a war on the Taiwan Straits. It's certainly a change from policy over the last 20 years where the US government and most governments didn't think that hard about semiconductors. In some ways it's a return to the historical norm because the US government has always seen semiconductors more generally as a source of strategic advantage.

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