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
-
Video
Defense / Energy, Economics & Security / Technology & National Security
The Outlook CEO Perspectives on Risk, Resilience and ReturnsJoin David Schwimmer and Richard Fontaine, CEO of the Center for New American Security, as they explore the current national security landscape and its impacts on global econo...
By Richard Fontaine
-
Commentary
Technology & National Security
The Trump-Xi Truce Shows Who Really Holds the LeverageThis article was originally published in The Australian Financial Review. Since President Trump returned to office, the U.S.-China relationship has lurched between confrontat...
By Ruby Scanlon
-
Commentary
Technology & National Security
NOTUS Perspectives: AI Requires Massive Allocations of Energy. Will Other Sectors Suffer?On the current trajectory, the government may need to prioritize energy for AI over other uses to ensure the United States remains the global leader in advanced AI....
By Janet Egan
-
Reports
Technology & National Security
Countering the Digital Silk RoadThe year 2025 marks the 10th anniversary of the Digital Silk Road (DSR), China’s effort to strengthen its global ties and influence through technology. In the decade since the...
By Vivek Chilukuri & Ruby Scanlon
