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The Chips War Heats Up

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The Chips War Heats Up
A view of a lens used into the manufacturing of semiconductor circuits at ASML, a Dutch company that is currently the largest supplier in the world of semiconductor manufacturing machines via photolithography systems in Veldhoven, Netherlands, on April 17, 2018. Emmanuel Dunand/AFP via Getty Images
Milton Ezrati
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First shots were fired last October when the United States passed the CHIPS and Science Act. It aimed directly at Beijing’s ambition to become the world’s preeminent maker of advanced computer chips. The law offers a significant subsidy for semiconductor manufacturers to establish and expand operations domestically. It also limits the ability to export advanced chips and chip-making equipment to China.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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