Reshaping Industrial Policy

This chapter examines the Biden administration's ambitious plans to transform American industrial policy through key legislation like the Bipartisan Infrastructure Law and the Chips and Science Act. It discusses the complexities of these initiatives, including potential pitfalls and the need for fair worker protections, while highlighting the critical role of the Commerce Department. The narrative also explores the challenges and negotiations involved in bolstering the semiconductor industry and enhancing American competitiveness on the global stage.