PCBs, Global Innovation Policy & the CHIPS Act
Stephen Ezell, VP of Global Innovation Policy at the Information Technology and Innovation Foundation (ITIF), discusses the CHIPS and Science Act, explaining how US policy aims to counter China's industrial strategy and restore semiconductor manufacturing. He details the act's funding structure, the gap between authorization and appropriation, and the necessity of incentives to compete with foreign subsidies. Ezell also advocates for a similar 'PCBs Act' to address the decline of US printed circuit board production and suggests nearshoring to Latin America as a viable alternative to offshore dependence.