In Targeting China With Chips Act, America Actually May Be Slowing Taiwan
Opposition leaders in Taipei are expressing widely held fears that the Chips act will eat into Taiwan’s top industry, cause a loss of national revenue, and lead to a brain drain.
Is Washington trying to hurt the wrong China? While the Creating Helpful Incentives to Produce Semiconductors and Science Act was aimed at protecting America from over-reliance on goods that originate in the Communist giant’s factories, it could instead end up damaging the economy of our ally, Taiwan.
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