Published September 9, 2022
Companies such as Panasonic and Intel seem to be tripping over themselves to announce that they will build new plants in the United States to manufacture car batteries and semiconductors. The recently passed Chips and Science Act and other government subsidies are a big reason for these decisions. That’s good news for national security and for American workers.
Semiconductors are the bread and butter of high technology. Made from incredibly thin silicon wafers, semiconductor chips carry electric charges to help power our phones, computers and cars. Without a steady supply of semiconductors, any advanced economy would come to a standstill.
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Henry Olsen, a senior fellow at the Ethics and Public Policy Center, studies and provides commentary on American politics. His work focuses on how America’s political order is being upended by populist challenges, from the left and the right. He also studies populism’s impact in other democracies in the developed world.