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Chip Shortage Drives Hard Look at America’s Industrial Policy
The U.S. was once king of semiconductor manufacturing. Today, not so much. In an interview, Skanda Amarnath discusses what went wrong with our chip-making prowess and if government intervention is needed.
May 14, 2021 •
(Shutterstock) As 2021 unfolds, a series of shortages have gripped the economy. Recent weeks have seen headlines about scarcities of gasoline, lumber, and chicken wings.
But nothing has grabbed the attention of policymakers and business leaders like the semiconductor shortage. Microchips are in everything from motor vehicles to gaming consoles to personal computers, and the surge in work-from-home activity has fueled unprecedented demand. The world’s largest semiconductor manufacturer is in Taiwan, and China has been heavily supporting its domestic companies as well. The U.S., meanwhile, has seen its share of global semiconductor manufacturing shrink from 37