CHIPS Act Anniversary Arrives, Former National Security Advisor Weighs In
This Wednesday (August 9), marks the one year anniversary of President Joe Biden signing the CHIPS Act into law. While it’s too early to judge if it’s ultimately a success or not, challenges persist, namely: U.S. export controls still ignore legacy Chinese chip manufacturers. Chinese chipmakers, including legacy leader SMIC, are growing stronger. Supply chain disruptions are front of mind. How do we ensure we have enough legacy chips for automotive, defense, and more if there’s another pandemic or global crisis? The U.S. military is still dependent on Chinese chips for mission-critical equipment. What do all these concerns share? Legacy chips. For these reasons and more, China Tech Threat recommended that when CHIPS Act funding allocations are made, that they… Read More