The U.S. has embarked on an industrial policy in the tech sector that could be among the largest in our history. Consider that within the past year, in response to an announced threat from China, the U.S. Government has approved around $280 billion in spending/tax incentives for the American semiconductor sector, most of which is targeted to support American businesses and has imposed unprecedented restrictions on semiconductor exports to and imports from China, a perceived adversary and semiconductor competitor. Together, these major initiatives paint a picture of a U.S. tech industrial policy aimed to support the American semiconductor sector. The United States is no stranger to tech
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