How Does the CHIPS Act Fit Into a Larger Framework of U.S. Industrial Policy Aimed at National Security? Is It a Template for Future Legislation in Other Sectors?
The CHIPS Act represents a significant foray by the U.S. government into utilizing direct investment in industry to promote national security interests (Ip, 2023). The $53 billion allocated is intended to incentivize domestic semiconductor manufacturing and reduce reliance on imports, particularly from geopolitically vulnerable Taiwan (WSJ video, 2023). Targeted subsidies and government funding harkens back ... Read More
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