Is America ready to compete in a new era of high-tech industrial strategy?
For a man whose cherished company is in the process of sinking tens of billions of dollars to produce some of the world’s most advanced semiconductor chips in the United States, Morris Chang seems remarkably unimpressed with the country’s approach.
Illustration by Nate Kitch
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The new U.S. tariffs on Chinese-made EVs are both unprecedented and largely performative since Chinese EVs haven't yet penetrated the U.S. market. The European Union, by contrast, is facing a more critical and nuanced challenge from the influx of Chinese-made EVS and is currently debating what to do about it. Can the E.U. save its auto industry and still keep its green transition going?