Chipping Away At Dependence: Why the U.S. Must Accelerate Semiconductor Subsidies

The United States has fallen behind in global semiconductor production, dropping from 37% in 1990 to about 10% in 2024. In the age of advancing technology, these chips are used in electronics that underpin transportation, communication networks, and medical devices. If Washington wants to bolster semiconductor production, it must continue subsidizing U.S.-based manufacturers and expand efforts to support innovations into the next generation of semiconductors.