Posted: Wed. July 27, 2022, 1:02pm PT
A new bill subsidizing the U.S. semiconductor industry is unnecessary says Sr. Fellow Benjamin Powell. The only reason more products are able to use semiconductors is because of foreign trade, not government handouts and playing favorites, he says. The $52 billion subsidy bill is just a pig dressed up in high-tech clothes, Powell writes in an Op-Ed in The Hill.