Aspen Economic Strategy Group’s Post

Register now for the AESG's upcoming event, "Semiconductor Security: The Race to Revitalize US Chip Manufacturing," happening Monday, June 3rd at 11 am ET. The 2022 CHIPS and Science Act is the centerpiece of the federal government’s efforts to rebuild America’s industrial capacity and secure greater independence in the production of critical technologies. Under the law, tens of billions of dollars in subsidies for manufacturing advanced chips have already been announced. This panel will assess this effort, its prospects for success, and how the law, and similar government efforts to promote critical technologies, will affect the US economy in the short and long-term. Featuring Michael Schmidt, Director of the CHIPS Program Office at the U.S. Department of Commerce and Chris Miller, Author of Chip War, in conversation with Greg Ip, Chief Economics Commentator at The Wall Street Journal, and opening remarks from former U.S. Treasury Secretary and AESG Co-Chair Timothy F. Geithner. Register here: https://lnkd.in/gBMvqEeF

Nice coverage from Politico on my latest report (assessing the Dominican Republic's preparedness to compete in semiconductor industry value chains) - https://lnkd.in/eJyZSmeU

INTRODUCTION In the complex landscape of international trade and technological rivalry, the US-China chip war has emerged as a focal point of contention. Recent developments have placed Teradyne, a leading semiconductor testing solutions provider, in the spotlight as the latest victim of this ongoing conflict. This article explores the implications of Teradyne’s position within the US-China chip war and its potential impact on the global semiconductor industry. https://lnkd.in/daYTTfr6

On Wednesday, May 8, a report from the Semiconductor Industry Association and the Boston Consulting Group explored the “breathtaking speed,” as the president of the semiconductor organization put it, at which the industry is growing. In the Financial Times on May 9, John Thornhill reported that the CHIPS and Science Act, which provided a $39 billion investment in the semiconductor industry, has “primed a torrent of private sector investment.” With the influx of both federal money and an additional $447 billion of private investment in 83 projects in 25 states, the report forecasts that the U.S. will increase its share of global manufacturing capacity for leading-edge chips from today’s rate of 0% to 28% by 2032. Thornhill compared this investment to that spurred by Russia’s 1957 launch of the Sputnik satellite.   The Economist yesterday announced that the U.S. “is in the midst of an extraordinary startup boom,” and explored “[h]ow the country revived its “go-getting spirit.” -Heather Cox Richardson

Discover how Arizona is shaping the course of the semiconductor industry in the US-Mexico landscape in our latest blog. We dive deep into Arizona's essential role in manufacturing, cross-border trade, and impactful investment strategies in the semiconductor sphere. We also present Arizona's key role in facilitating transnational cooperation between the U.S and Mexico, enriching the industry with collaborative innovation, and shared best practices. Lastly, explore how Arizona strengthens the resilience of a critical technology supply chain, contributing to its global strength and security. Don't miss out on this insightful analysis! Full Article found here : https://lnkd.in/gg9iHFuQ

📢 As we near the second anniversary of the U.S. CHIPS and Science Act enactment, ITI released a new memo highlighting the law’s progress since passage and actions Congress and The White House should prioritize to enhance U.S. semiconductor leadership and #tech competitiveness. ITI’s analysis urges U.S. policymakers to advance semiconductor manufacturing, bolster research and development, fund workforce initiatives, and continue industry collaboration. Check it out here: https://lnkd.in/efydmcKR #Semiconductors #USCompetitiveness #TechPolicy #CHIPSAct #Innovation

Semiconductors represent a significant force for economic prosperity and are becoming a national security issue. Trade disputes and the COVID-19 pandemic led to the disruption of the globalized supply chain ecosystem and highlighted the potential ramifications to the semiconductor supply chain. ➡️ Read our latest report *Fully Open Access* - "Empowering Europe: Unveiling Opportunities and Challenges in EU’s Semiconductor Industry.” This commentary explains the mission of the initiative Chips Joint Undertaking (CHIPS JU) and analyzes the opportunities and challenges for companies aiming to invest in the EU’s semiconductor landscape. 💡Reach out to us today to discover how geopolitical influences can shape the trajectory of your organization's prosperity and expansion. #semiconductors #semiconductorindustry #semiconductorEU #geopoliticalreports #tdynamics

March 28, 2024 New Partnership with Mexico to Explore Semiconductor Supply Chain Opportunities The U.S. Department of State will partner with the Government of Mexico to explore opportunities to grow and diversify the global semiconductor ecosystem under the International Technology Security and Innovation (ITSI) Fund, created by the CHIPS Act of 2022. This partnership will help create a more resilient, secure, and sustainable global semiconductor value chain . The initial phase includes a comprehensive assessment of Mexico’s existing semiconductor ecosystem and regulatory framework, as well as workforce and infrastructure needs. Key stakeholders in the Mexican ecosystem, such as state governments, educational institutions, research centers and companies will participate in this analysis in conjunction with Secretaría de Economía México. The insights gained from the assessment will serve as the basis for potential future joint initiatives to strengthen and grow this critical sector. All info at: https://lnkd.in/d2C-2k4A

"Because semiconductors are at the epicenter of the US–China technology rivalry, it is crucial for the European Union (EU) to have a clear-eyed, well-informed semiconductor strategy rooted in current geopolitical reality. Unfortunately, the EU Chips Act is not a long-term semiconductor strategy with meaningful policy objectives but a collection of ideas and initiatives. This necessitates EU member states filling in the blanks—understand the competitive position of their domestic semiconductor industries; articulate why and to what end they want to support this sector, and what their long-term policy objectives are; and invest in their national administrative resources and brainpower. Doing all of that is a prerequisite to being able to engage in, as well as shape, policy discourse meaningfully at the EU level, vis-à-vis the United States and at the international level. If EU member state governments fail to enhance and intensify their efforts, there is a very real risk that the European semiconductor industry will lose its prominence in the global semiconductor value chain, and Europe would consequently have lost a strategic asset." https://lnkd.in/e45emM54

Great news for AZ.