The big winners so far have been Taiwan and South Korea, thanks to local chip makers such as TSMC and Samsung. And as with companies, so with countries: nations unable to develop clear strategic lines and priorities for research, development and supply of chips for their industries will necessarily have to depend on third parties and accept their rules and priorities. China, spurred on by the Trump administrations sanctions, has earmarked huge state investments to develop its own chip manufacturing industry, and although Taiwan still considers Beijing five years behind, despite decades of subsidies, its trying to protect itself as best it can by excluding some Chinese companies from its digital infrastructure, while imposing tough regulations on them. IMAGE: gettyOn Monday, U.S. Secretary of Commerce Gina Raimondo presented a $52 billion investment proposal aimed at chip manufacturing, which she said should stimulate private investment and lead to the construction of between seven and 10 factories on U.S. soil. The ongoing shortage of chips worldwide, which is causing disruption to a range of industries, notably consumer electronics and vehicle manufacturing, has made them the resource that increasingly defines countries competitiveness.
Gina Raimado's proposal gives subsidies to several national groups.
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Gina Raimado 's proposal gives subsidies to several national groups .
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