Their editorial, The Senate's Semiconductor Con (July 21), claims that passing the chip legislation is redundant to compete with China and that the bipartisan change to fund science and know-how is wasteful. This underestimates China and overestimates America's potential to remain forward of the curve within the applied sciences of the longer term. Passing the Chips Act is necessary, however not sufficient.
We're in a race for technological supremacy, and there's no degree taking part in area. Over the previous decade, China's R&D funding has grown twice as quick because the US. It was simply reported that SMIC, China's largest chip maker, processes extra superior chips than any US or European firm. This could break the complacency over tech dominance. Passing and totally funding the US Innovation and Competitors Act, of which the Chips Act is a small half, is our greatest likelihood to regain misplaced momentum.
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