
Breaking China: Congressman Mike Gallagher on Asian Geopolitics and Beyond | Uncommon Knowledge | Peter Robinson | Hoover Institution
Uncommon Knowledge
Restrictions on Taiwan Chips Act Grant and Defense Budget
The Biden administration has placed restrictions on receiving a chips act grant in Taiwan, which will increase prices and hinder chip production. Instead, it would be wiser to invest in building a navy to deter a PLA invasion, thus protecting the chip global supply chain. The current federal budget is $1.7 trillion, but the exact amount needed for defense is unclear. If given an extra $100 billion a year for the next decade, could everything be accomplished?
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