The Technological Cost of Competing With China

Summary

Semiconductors have become the backbone of modern life, serving as the brain behind everything from smartphones to household appliances and from electric cars to artificial intelligence and national defense systems. These tiny chips quietly power our nation, enabling the most critical aspects of the government, economy, healthcare system, and daily life. Few technologies are as essential to modern life as semiconductors. With accelerating global demand and intensifying geopolitical competition, chip manufacturing has become a strategic asset to a nation's success.