American Chip “Independence”: Protectionism by Another Name

Source: Ludwig von Mises Institute
by Weimin Chen

“Virtually all aspects of modern, interconnected, and digitized life rely on the processing and memory capabilities of advanced semiconductor computer chips. Electronic devices including smartphones, game consoles, cars, televisions, household appliances, military hardware, and medical equipment rely on these minute, flat wafers of silicon made astoundingly from melted sand. The United States has focused its efforts upon this essential good to put pressure on China as tensions precipitate between the rival superpowers. Yet from the start, the US measures will harm American consumers and businesses.” (11/10/22)