President Biden’s blueprint for the U.S. semiconductor industry marks an ambitious effort to set industrial policy for a critical sector of the economy, but the strategy will need more money and global support to take back chip supremacy and preempt a rival effort from China.
President Biden released a multi-pronged strategy to secure critical supply chains in products ranging from medicines to microchips, and is also weighing a potential trade probe that could result in U.S. tariffs on certain magnet imports.
EU leaders and President Biden will commit to ending outstanding trade battles when they meet next week and promise to remove tariffs related to a steel and aluminum conflict before the end of the year.
Taiwan Semiconductor Manufacturing Co. said it’s moving forward with plans to build a $12 billion chip plant in Phoenix, a step toward addressing U.S. concerns over reliability and security in the tech supply chain.
The latest supply-chain news, analysis, trends and tools for executives in the technology and electronics industries. Learn how high-tech and electronics companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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