Bipartisan CHIPS Act Tackles U.S. Dependence on China

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China’s rise to rival the United States as a global superpower has been unprecedented. The last war between empires was centered around an arms race, and ended with the U.S. standing strong and solitary atop the world as the Soviet Union fell. But a new race has begun in those 30 years since. China sprinted ahead of the U.S., this time in the field of technology, and aims to stay there. But Congress and the Biden administration have other ideas.
The CHIPS Act, short for Creating Helpful Incentives to Produce Semiconductors, proposes a $52 billion investment in semiconductor production and…
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