September 2022 / VIDEO
Semiconductor Subsidies Signal Shift in U.S. Industrial Policy
Focus on shoring up key supply chains likely has legs
- 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.
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September 2022 / ASSET ALLOCATION VIEWPOINT
September 2022 / INVESTMENT INSIGHTS