Washington Target Washington

Past U.S. Industrial Policy Offers Lessons, Risks for Chips Program

Reading now: 206

Tuesday’s rollout of the federal $53 billion semiconductor subsidy program dubbed Chips marks a historic embrace by the U.S.

of “industrial policy”the explicit use of government resources to foster favored sectors.There is a reason such forays have been rare in Washington.

Governments seldom know better than markets which technologies will succeed, and often burden the effort with objectives having nothing to do with helping the targeted industry thrive.

Read more on wsj.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News