industrial policy

Two major semiconductor investments for the Empire State this week.

Purdue's degree programs show the CHIPS Act's investments beginning to take root.

The CHIPS and Science Act has played a large role in spurring semiconductor manufacturing investments.

The new law will provide $52 billion to boost U.S. semiconductor production, along with $170 billion more for scientific research and innovation.

No small potatoes: $52 billion for the domestic manufacture of chips, and $200 billion for scientific research. But there's lots more to do.

And it might move without much discussed trade enforcement rules.

“We must break the vicious cycle of implementing policies that reward imports over domestic production,” Scott Paul tells the Senate Finance Committee.

Year after year, the Chinese government spends twice as much as Washington to promote its domestic industries.

The president says China doesn't want industrial policy legislation to pass. But if it were to, there's one provision on the table it wants included.

The provision that would tie the U.S. Trade Representative's hands is a bad idea.