America’s bet on industrial policy starts to pay off for semiconductors
Trump will not reverse the chip subsidies, but will he reinforce them?
IN THE FINAL days of Joe Biden’s presidency, most parts of his administration are winding down. Not so the top brass in the Department of Commerce: on an almost daily basis, they are signing giant funding contracts with chipmakers, racing to dole out cash before Donald Trump enters the White House. When all is said and done, they will have awarded nearly $40bn to semiconductor makers in little more than a year—arguably the biggest single bet on industrial policy by the government in decades, and one that could end up as Mr Biden’s most lasting economic legacy.
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This article appeared in the United States section of the print edition under the headline “Going big”
United States January 11th 2025
- Los Angeles against the flames
- America’s bet on industrial policy starts to pay off for semiconductors
- Mike Johnson has his old job back, for now
- When treating snakebites, American hospitals turn to zoos
- Most Americans think moderate drinking is fine
- The US Army needs less good, cheaper drones to compete
From the January 11th 2025 edition
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Most Americans think moderate drinking is fine
They are unaware of the cancer risk
Mike Johnson has his old job back, for now
But the GOP has the tightest House majority in nearly a century
When treating snakebites, American hospitals turn to zoos
The zookeeper will see you now
Los Angeles against the flames
Always vulnerable, the city is increasingly susceptible to fire
The US Army needs less good, cheaper drones to compete
It seems obvious. So what is stopping it from happening?
Trump has faced down Republican dissidents in Congress
After some drama he gets his man for speaker of the House. That was the easy part