Frederik Kelter
The U.S.-China relationship continues its freefall.
The rivalry between the two powers has most recently burst fully into the technological sphere with the U.S. Congress passing the CHIPS and Science Act in August, which was reinforced with additional moves by the Biden administration in early October. The aim of these measures is to secure stable U.S. access to advanced semiconductors in the future and deny the Chinese the same by restricting the export to China of equipment and designs necessary to develop and produce advanced microchips.
Microchips are ubiquitous in modern electronics, from innocuous products like refrigerators and electric toothbrushes to less innocuous ones like cruise missiles and fighter jets. As electronics and technologies continue to advance, the semiconductor components within them must advance as well, and those that wish to be at the forefront of technological advancements must have access to advanced semiconductors.
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