OPINION

How the United States' CHIPS Act hurts Taiwan

Oped, Published on 01/03/2024

» The concentration of advanced semiconductor manufacturing in Taiwan has raised fears in the United States about the vulnerability of this supply chain should China blockade or invade the island. The US CHIPS and Science Act seeks to address that vulnerability with $52 billion (1.86 trillion baht) in subsidies to encourage semiconductor manufacturers to relocate to America. But the legislation, as designed, will fall short of its objective; it may even weaken Taiwan's most important industry, further threatening the island's security.