8 May 2022

East Asian Firms Are Critical to America’s Semiconductor Success

Kuancheng Huang, Chien-Huei Wu, and Nai-Yu Chen

Two years into the COVID-19 pandemic, the resulting global chip shortage, which hit automakers especially hard, shows no sign of easing despite manufacturers’ efforts to meet skyrocketing demand. Semiconductor technology has become an essential part of modern life with microchips, or ICs (integrated circuits), found in every electronic appliance, from basic household TV remotes to state-of-the-art missile defense military radars. As companies and governments around the world recognize the strategic importance of maintaining a resilient global supply chain and rally to secure supplies, many are coming to view the semiconductor shortage as a national security issue.

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