The Global Chip War: US vs. China

The podcast delves into the escalating chip competition between the United States and China, highlighting the efforts to build domestic chip industries in both countries. With disruptions in the supply chain during the COVID-19 pandemic affecting industries like automotive due to chip shortages, countries are scrambling to secure their chip supplies. While the US has been slower in its reshoring efforts, the Biden administration's subsidy initiatives are starting to gain traction, with leading chip companies like TSMC poised to receive substantial grants for chip plant development.