"Industrial Policy" Is the Hottest Idea in Economics. What Could Go Wrong?
Plain English with Derek Thompson
Reviving U.S. Semiconductor Manufacturing
This chapter explores the historical decline of U.S. semiconductor production and its shift to East Asia, emphasizing the contemporary importance of securing a domestic supply chain. It discusses the enactment of the CHIPS and Science Act, highlighting its funding allocations and the challenges ahead in revitalizing semiconductor manufacturing in the U.S. Additionally, the dialogue addresses the intersection of industrial policy and social goals, particularly the need for improved childcare and fair labor practices in the industry.
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