U.S. policymakers are acutely aware of the vulnerabilities posed by the extreme concentration of chip manufacturing in Taiwan today, especially as China adopts an increasingly hawkish stance toward the island.
U.S. policymakers are acutely aware of the vulnerabilities posed by the extreme concentration of chip manufacturing in Taiwan today, especially as China adopts an increasingly hawkish stance toward the island. Promoting advanced semiconductor manufacturing on U.S. soil has become a top policy priority for the U.S. government. U.S. lawmakers are taking decisive action to advance this goal, including committing a whopping $280 billion to the effort under the 2022 CHIPS Act.