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
-
PONI Live Debate: AI Integration in NC3
Video
Dr. Paul Scharre, executive vice president and director of studies at the Center for New American Security joins in a live debate moderated to discuss AI Integration in NC3. ...
By Paul Scharre
-
Sharper: Trump's First 100 Days
Commentary
Donald Trump takes office in a complex and volatile global environment. Rising tensions with China, the continued war in Ukraine, and instability in the Middle East all pose s...
By Charles Horn
-
Accelerate America’s Quantum Technology Leadership
Commentary
As the U.S.-China competition for quantum technology leadership continues to intensify, the Trump administration should prioritize both advancing and protecting the country’s ...
By Constanza M. Vidal Bustamante
-
Secure America’s Tech Competitiveness
Commentary
The Trump administration must bolster America’s science, technology, engineering, and mathematics (STEM) workforce and broader technological competitiveness—documented shortag...
By Sam Howell
