Dr. Sarah Cropp: The idea of near-shoring and friend-shoring is becoming a new watchword in policy circles. She says it's an attractive third way to optimize national security without the cost consequences. Join Bloomberg Live on June 20th for Intelligent Automation Briefing about transformation in a time of uncertainty.
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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