Contrary to US Commerce Secretary Gina Raimondo and other high-tech nationalists’ wishes, the semiconductor industry is not migrating back to America any time soon. On the contrary, the globalization of production capacity and new technology development is accelerating away from the US. Ironically, Biden administration subsidies for establishing semi-conductor factories in the US and export […]
Sorry Gina, the chip industry isn’t coming back to America
Globalization of chip production is accelerating despite Biden administration subsidies, sanctions and proclamations to bring it back home