US builds high-tech global supply chains to mitigate China risks
If the Biden administration prevails, many more electronic chips would be produced in factories located in, say, Texas or Arizona.They would then be shipped to partner countries, such as Costa Rica, Vietnam or Kenya, for final assembly and sent around the world to power everything from refrigerators to supercomputers.These places may not be the first that come to mind when you think of semiconductors. But administration officials are trying to transform the world’s chip supply chain, and they’re negotiating hard to do it.Key elements of the plan include convincing foreign companies to invest in U.S. chipmaking and finding other countries to set up factories to do the work. Officials and researchers in Washington call it part of the new “chip diplomacy.”The Biden administration argues that ...