The U.S. Must Release the Semiconductor Industry from China’s Grasp | Opinion

The U.S. Must Release the Semiconductor Industry from China’s Grasp | Opinion

The current state of the U.S. semiconductor industry is like a slow-motion car crash. We know that we need to onshore chip production, address current supply chain issues, and fund this looming national and economic security imperative, yet the car continues to accelerate toward destruction. Rather than waiting for China to further extend its grip on this critical industry, we must seize the moment. The means, tools and bipartisan support exist—but does the will to exercise economic, political and diplomatic leadership?

We have come to rely on semiconductors for core aspects of daily life. Computers, mobile devices, gaming systems, weapons, cars, planes, industry and government all rely on chips—some more sophisticated than others. The chip industry is fundamental to U.S. national and economic security, and onshoring semiconductor manufacturing plants holds the promise of economic growth.