China’s Rise Drives a U.S. Experiment in Industrial Policy

Greg Ip
Greg Ip of the Wall Street Journal –

Amid worries about vulnerability of semiconductor supply in China and Taiwan, Washington seeks to halt migration of chip making overseas

American leaders have long trusted in private markets rather than the federal government to pick the economy’s winners and losers, shunning the industrial policy popular with France, Japan and others.

Not any more. President Biden and both parties in Congress have begun edging into industrial policy, with semiconductors a key testing ground. In January Congress enacted legislation to match state and local incentives for new semiconductor fabrication plants (fabs), and bankroll extensive new research, development and training.

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About Radnor Reports

Ken Feltman is past-president of the International Association of Political Consultants and the American League of Lobbyists. He is retired chairman of Radnor Inc., an international political consulting and government relations firm in Washington, D.C. Known as a coalition builder, he has participated in election campaigns and legislative efforts in the United States and several other countries.
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