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

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 new semiconductor supply chains and mitigate export control risk under the CHIPS Act.

Chris Miller

Chris Miller

Professor at Tufts University, Author of Chip War: The Fight for the World’s Most Critical Technology

Chris Miller is Associate Professor of International History at Tufts University, Fletcher School of Law & Diplomacy, where his research focuses on technology, geopolitics, economics, international affairs, and Russia.

He is author of Chip War: The Fight for the World’s Most Critical Technology, a geopolitical history of the computer chip.

He is the author of three other books on Russia, including Putinomics: Power and Money in Resurgent Russia; We Shall Be Masters: Russia’s Pivots to East Asia from Peter the Great to Putin; and The Struggle to Save the Soviet Economy: Mikhail Gorbachev and the Collapse of the USSR. He received his PhD and MA from Yale University and his BA in history from Harvard University.

Anne Marie Lacourse

Anne Marie Lacourse

Global Trade Adviser at Sayari

Anne Marie Lacourse advises on the global trade industry for Sayari and Dow Jones. She has 25+ years of demonstrated experience helping over 2,000 companies embed international trade compliance into their global supply chains and commercial operations.

She has deep experience developing, implementing, and managing cross-border trade platforms to support multijurisdictional import and export regulations and has managed three-quarters of a million classifications across nearly a billion shipments on every continent. Her extensive technical and practical knowledge across diverse regulatory schemes has been instrumental in completing nearly 1,000 assessments and audits.

She has served as a U.S. State Department International Traffic in Arms Empowered Official (ITAR-EO) and is a member of the ACAMS Editorial Committee, contributing to ACAMS Today on topics such as trade-based money laundering and managing global import and export controls.

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