In this discussion, Willy Shih, a Harvard Business School professor and tech industry veteran, analyzes the U.S.'s fall in semiconductor dominance. He explores how outsourcing and Taiwan Semiconductor's rise have contributed to this shift. The conversation dives into the importance of domestic manufacturing amid U.S.-China tensions and the risks posed by offshore production. Shih advocates for revitalization through innovative manufacturing models and highlights the crucial role of government support in reclaiming leadership in this vital industry.