Uncle Sam must intervene to protect vital technologies ...Middle East

During the global semiconductor shortage brought on by the pandemic, many Americans were shocked to learn that over 90 percent of the world’s most sophisticated semiconductor chips are manufactured in Taiwan, which is increasingly menaced by China. Since leading American companies rely on these chips, any sustained disruption in their supply would be disastrous to our economy. In recent decades, financial markets have encouraged such geographical specialization. They have rewarded U.S. companies for outsourcing and offshoring even high-tech manufacturing to countries with lower costs, greater scale, or greater production expertise — and more generous government subsidies underpinning a

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Last updated : 09 September 2023 clock 03:32 PM

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Uncle Sam must intervene to protect vital technologies ...Middle East

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