Taiwan's tech king to Pelosi: The U.S. is in over its head (and deeply naive) about its semiconductor ambitions
Nancy Pelosi arrives at the Legislative Yuan, Taiwan's house of parliament, on August 03, 2022 in Taipei, Taiwan. | Annabelle Chih/Getty ImagesAlexander Burns is an associate editor for global politics at POLITICO. His Tomorrow column explores the future of politics and policy debates that cross national lines.
Chang said he was pleased that his company could benefit from the subsidies; TSMC already had a major development project underway in Arizona. But did the United States really think it could buy itself a powerhouse chipmaking industry, just like that? His candid concerns represent a rough guide to the challenges Biden’s semiconductor policy will have to address if it is to succeed, long after the immediate political fanfare has abated — and well past the point that its generous subsidies for big business have run out.
“He knows America quite well,” she said, “and the questions he asked I saw almost as an opportunity to respond, even if some of it was challenging.” Chang has questioned in other settings whether the United States is a suitable environment for semiconductor manufacturing, pointing to gaps in the workforce and defects in the business culture. On a podcast hosted by the Brookings Institution last year, Chang lamented what he called a lack of “manufacturing talents” in the United States, owing to generations of ambitious Americans flocking to finance and internet companies instead.
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