January 26, 2021
Intel’s Woes Offer an Opportunity for Resilience
America is at risk of losing its strategic advantage in technological innovation. One warning sign is in semiconductors, the silicon chips in everything from cell phones to satellites to jet planes. Recently, the hedge fund Third Point warned that US semiconductor giant Intel, the only US-based company that both designs and manufactures leading-edge logic chips domestically, was in trouble. The Biden administration faces a test: Can it craft an industrial policy as part of our competitive response to China?
Policymakers and business leaders need to forge a sound industrial policy with a “buy American” standard and incentives to keep the manufacturing and innovation of critical goods like semiconductors on shore.
While Intel has made some moves in recent days, policymakers and business leaders need to forge a sound industrial policy with a “buy American” standard and incentives to keep the manufacturing and innovation of critical goods like semiconductors on shore. The goal of this policy should not be ending trade, but building resilience in strategic sectors.
Read the full article from RealClearPolicy.
More from CNAS
-
Five Objectives to Guide U.S. AI Diffusion
The Framework for AI Diffusion (the Framework) is an ambitious proposal to shape the global distribution of critical AI capabilities, maintain U.S. AI leadership, and prevent ...
By Janet Egan & Spencer Michaels
-
Shaping the World’s AI Future: How the U.S. and China Compete to Promote Their Digital Visions
As the United States navigates evolving global AI competition, balancing these elements will be crucial in determining whose AI systems — and by extension, whose approaches, v...
By Keegan McBride
-
Countering the Digital Silk Road: Brazil
Project Overview This year marks the 10th anniversary of the Digital Silk Road (DSR), China’s ambitious initiative to shape critical digital infrastructure around the world to...
By Ruby Scanlon & Bill Drexel
-
Promethean Rivalry
Executive Summary Just as nuclear weapons revolutionized 20th-century geopolitics, artificial intelligence (AI) is primed to transform 21st-century power dynamics—with world l...
By Bill Drexel