Source: Fox News
by Stephen Moore
“One of the goals of President Donald Trump’s trip to China is to help ensure continued American tech dominance. One worry is that China steals our technology. But sometimes we foolishly handicap our tech companies with bad policies here at home. An example is export controls, which are a threat to U.S. dominance and limit markets for American-made tech products. The politicians and bureaucrats have decided that they, and not the free market, are best equipped to manage the global semiconductor trade. It’s not going well. We’re still winning the chip war against China, but not by much. Even after years of stringent export controls that have crushed NVIDIA and AMD’s sales into China, recent tracking shows that the U.S. lead over China in AI has almost completely evaporated. Instead of slowing Beijing down, we have effectively subsidized the development of their domestic chip manufacturing by blocking and/or taxing their American competitors.” (05/19/26)
https://www.foxnews.com/opinion/stephen-moore-government-control-chip-sales-shocking-downside