Caught in the Crossfire: The Chip War’s Impact on U.S. Industry and Finance

04/10/23 2 minute read

Over the last several decades, the semiconductor chip has become a lynchpin of military, economic, and geopolitical power. Ninety percent of the world’s most advanced processor chips are manufactured by Taiwan Semiconductor Manufacturing Company (TSMC), making access to the building blocks of modern computing vulnerable to shifting trade relations between the U.S. and China.

In a move to recast supply chain monopolies and diversify geographic risk, the CHIPS and Science Act of 2022 has not only committed $280 billion in new funding to the domestic research and manufacturing of semiconductors, but also placed new plurilateral export restrictions on any companies looking to access those funds.

In this extended interview with Chris Miller, respected economic historian and acclaimed author of Chip War: The Fight for the World’s Most Critical Technology, we will explore key concerns for U.S. industries and the financial institutions touched by the semiconductor trade, including:

  • Understanding the CHIPS Act’s objectives from a national security standpoint
  • Managing technology transfer challenges
  • Navigating new and emerging investment restrictions
  • Balancing compliance mandates with commercial goals

Join us on Wednesday, May 3rd at 11:00am ET to learn how your company can prepare for the chip war and new semiconductor supply chains and mitigate export control risk under the CHIPS Act.

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