Did the Biden Administration get it completely wrong with the CHIPS Act?
The United States has been investing in microchips but its battle with China is now backfiring on the microchip industry inside America. The US wanted to stop China’s rise in microchips but Intel just reported they will be laying off 15,000 employees and this is the tip of the iceberg for more problem for American microchip companies.
Global affairs commentator Cyrus Janssen explains why the US strategy to dominate global chip manufacturing could be doomed to fail. Watch:
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