Word around the campfire is the U.S. Senate will advance legislation next week that will support the domestic manufacture of the semiconductor chips we’ve all heard so much about in the past year. It’s a good idea and a big deal, because the supply chain bottlenecks for these things has significantly slowed the production for all kinds of consumer goods, namely automobiles.
A significant increase in domestic semiconductor production, which this huge chunk of federal change will help spur, will indeed bolster U.S. economic competitiveness. But let’s be clear: More work remains to ensure that American workers have a level playing field against trade cheats.
