The Bipartisan CHIPS Act—and a United U.S.— Are China’s Biggest Fear | Opinion

The tech world was abuzz: On May 15, 2020, a press release from the world’s preeminent manufacturer of sophisticated computer chips, Taiwan Semiconductor Manufacturing Company (TSMC), announced the company’s plans to build a $12 billion state-of-the-art fabrication facility (“fab”) in the United States.

The deal, brokered by a combined State and Commerce Department team, was heralded as a “game-changer” for the tech industry because of its projected impact on U.S. national security and the stability of the global semiconductor supply chain—so prominent in the news these days due to crippling shortages.

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