The Senate just approved a $52 billion bill for semiconductor chip manufacturing in the United States—part of its version of the United States Innovation and Competition Act. Is this a step toward the United States taking a “whole-of-government” approach when it comes to competition with China? Or are the stakes even high enough to warrant a fight?
I spoke to Robert Atkinson, founder and president of the Information Technology and Innovation Foundation, a tech and economic think tank. He details the nature of the U.S.-China economic relationship and what’s at stake when China wins and America loses.
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