Michèle Flournoy and Tal Feldman
U.S. President Donald Trump returned to office promising a full-scale manufacturing renaissance in America. But the administration’s approach—defined by flashy deals,
deep budget cuts, and chaotic trade policy—is actively undermining the foundations of U.S. long-term competitiveness.
Yes, there are promising headlines. Texas Instruments is spending $60 billion on fabs in Texas and Utah,
Nvidia projects $500 billion in U.S.-built AI server output, and TSMC has pledged $165 billion for new chip plants in Arizona.
Michèle Flournoy is a co-founder and managing partner of WestExec Advisors. She served as U.S. undersecretary of defense for policy from 2009 to 2012. X: @micheleflournoy
Tal Feldman is a J.D. candidate at Yale Law School focusing on national security and a former AI engineer for the U.S. government.
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