April 2023 Why did the United States pass the CHIPS and Science Act? The political economy of chip manufacturing The importance of chips for global economic development became increasingly apparent during the economic crisis caused by the Covid-19 pandemic. [...] Various countries have turned to stress resilience, a notion popular among political scientists, in their effort to assess the state of supply chains and ways to change them considering the impending threat of a global recession and the growing technological confl ict between the United States and China, the world’s largest consumer of chips. [...] The chip market is a good example of the United States and its allies attempting to narrow the scope of intergovernmental cooperation in this strategically important economic sector going forward, while condemning the rest of the planet to technological underdevelopment. [...] Creating a technological union to stimulate research and manufacturing of world-class semiconductors based on the scientific achievements and industrial capacities of the two countries would be a reasonable response from Russia and China to the hostile actions of the United States and its allies in Europe and East Asia. [...] The Russia-China technological union could pursue the short- term goal of minimising the effects of the US CHIPS and Science Act that will undoubtedly prompt adoption of similar bills and government programmes in the EU, Japan, South Korea and Taiwan.
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