The U.S. finds itself in a challenging moment along many dimensions. Political divisions, high prices, supply chain woes, and economic challenges from foreign competitors like China dominate our headlines. Fortunately, despite the pressures for myopic focus on the present, Congress and President Biden recently made a much-needed commitment to our nation’s ability to compete with successful passage of the CHIPS and Science Act. The major media focus of this legislation is its historic investment in U.S.-based development and production of cutting-edge semiconductors. This focus is understandable, given that semiconductors are a critical sector for economic and national security reasons
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