Places like Taiwan dominate chipmaking because they value ‘high-quality’ manufacturing, an ethos that ‘doesn’t exist in North America’
The supply chain shocks witnessed during the COVID pandemic led governments like the U.S. to ramp up their efforts to reshore manufacturing. Semiconductors, which faced particularly severe bottlenecks, became a top priority as officials promised billions of dollars in subsidies to boost domestic investment. The rationale was simple: As chips are now an essential part … Read more