August 02, 2022

CHIPS Act leaves chipmakers facing choice between U.S. and China

Featuring Martijn Rasser

Source: Nikkei Asia

Journalist Cheng Ting-Fang

Chipmakers are cheering Washington's long-awaited passage of a bill to provide funding for the U.S. semiconductor industry, but accepting those subsidies could tie their hands when it comes to future investments in China.

Is it a price that the likes of Intel, TSMC and Samsung will be willing to pay?

...

Another cause for concern, according to Martijn Rasser, a senior fellow and director at the Center for a New American Security, is that the restrictions could be a prelude to even more scrutiny of outbound investments by chipmakers.

"These restrictions underscore that U.S. policymakers are increasingly concerned about U.S. money supporting a buildup of capabilities in China," Rasser told Nikkei Asia. "These restrictions are an initial sketch of elements you would expect in an outbound investment review framework."

Read the full story and more from Nikkei Asia.

Authors

  • Martijn Rasser

    Senior Fellow and Director, Technology and National Security Program

    Martijn Rasser is a Senior Fellow and Director of the Technology and National Security Program at CNAS. Prior to joining CNAS, Rasser served as a senior intelligence officer a...