The US slipped from producing nearly 40% of the world's chips to just over 10% in the last three decades. By allocating $53 billion towards the enhancement of US semiconductor manufacturing, R&D and the augmentation of its skilled workforce in the domain, the Act sought to change China's comparative advantage
The views expressed above belong to the author(s). ORF research and analyses now available on Telegram! Click here to access our curated content — blogs, longforms and interviews.
Professor Harsh V. Pant is Vice President Studies andRead More +
Vivek Mishra is a Fellow with ORFs Strategic StudiesRead More +