Report: CHIPS Act just the first step in addressing threats to US leadership in advanced computing

When Liu He, a Chinese economist, politician, and “chip czar,” was tapped to lead the charge in a chipmaking arms race with the United States, his message lingered in the air, leaving behind a dewy glaze of tension: “For our country, technology is not just for growth… it is a matter of survival.” Once upon a time, the United States’ early technological prowess positioned the nation to outpace foreign rivals and cultivate a competitive advantage for domestic businesses. Yet, 30 years later, America’s lead in advanced computing is continuing to…

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