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September 2022 / VIDEO

Semiconductor Subsidies Signal Shift in U.S. Industrial Policy

Focus on shoring up key supply chains likely has legs

Key Insights

  • In our view, the CHIPS and Science Act of 2022 signals that the U.S. government is committed to advancing domestic semiconductor manufacturing.
  • We could see further government efforts to secure other links in the supply chain by working with allies and nearby nations.
  • Adjusting these supply chains to address concerns about security and economic competitiveness will take time and is likely to be inflationary.

Download here the full report.

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