Book Notes on ‘Chip Wars’ | Chip Bottlenecks
49 “Everything We Are Competing For” A former Obama administration official expressed concern: “This $250 billion fund will bury us.” [Illustration] He referred to the subsidies promised by the Chinese central and local governments to support domestic chip manufacturers. However, the two pillars of U.S. technology policy (embracing globalization and ‘running faster’) are deeply entrenched, … Read more