Please join the Global Tech Security Commission (GTSC) – a joint partnership between the Atlantic Council’s Global China Hub and Krach Institute for Tech Diplomacy at Purdue – as well as the GeoEconomics Center and GeoTech Center, on February 22 at 2:00pm ET for a virtual panel discussion on a forthcoming report about how the US and its allies and partners should jointly approach securing the global supply chain for the semiconductor industry. This event will feature special introductory remarks from Senator Shaheen, a GTSC honorary co-chair and Chair of the Senate Commerce, Justice, Science and Related Agencies Appropriations Subcommittee.
In August 2022, the US Congress passed the CHIPS and Science Act, a law that approves subsidies and tax breaks to help jump-start the renewed production on American soil of advanced semiconductors. Just two months later, the Biden administration issued wide-ranging restrictions on the export to China of chips and chip-making technology to undercut that country’s ability to manufacture the same class of integrated circuits. Along with a steady stream of Biden administration prohibitions on technology sales to key Chinese companies, the US initiatives represent a profound turn toward competition with China in the high-tech realm.
As US restrictions mount, the once-unimaginable process of reorienting semiconductor supply chains will become an ever-present reality. The CHIPS and Science Act already is becoming an important factor in corporate strategy, providing incentives for Taiwanese, Korean, and American companies to make big bets on new factories in places like New York, Ohio, Texas, and Arizona. What, then, are the potential implications of US semiconductor policy for the global semiconductor supply chains and the competition for primacy in an industry that is constantly changing the face of the global economy and one that has implications for global security in all its dimensions?
Special introductory remarks
A conversation with
US-China Business Council
Peterson Institute for International Economics
Vice President, Global Policy
Semiconductor Industry Association
Chief China Correspondent
The Wall Street Journal
Opening remarks by
The Global China Hub researches and devises allied solutions to the global challenges posed by China’s rise, leveraging and amplifying the Atlantic Council’s work on China across its fifteen other programs and centers.
At the intersection of economics, finance, and foreign policy, the GeoEconomics Center is a translation hub with the goal of helping shape a better global economic future.
Championing positive paths forward that societies can pursue to ensure new technologies and data empower people, prosperity, and peace.