The United States lost its once-dominant position in semiconductor research and manufacturing thanks largely to shortsighted policy decisions. Thankfully, Congress, rightfully alarmed over the potential economic and national security implications, passed last year's bipartisan CHIPS Act — which invested $52 billion in domestic semiconductor research and manufacturing — to regain a foothold. And yet, when it comes to our currently world-leading biotechnology industry, our leaders are repeating many of the same mistakes that ceded our leadership in semiconductors. They're creating an inhospitable policy environment that may well lead to the United States losing our preeminent position
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