Sputnik moment!U.S. Commerce Secretary: Can’t continue to rely on Taiwan semiconductors Anue Juheng – International Political Economy


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U.S. Commerce Secretary Gina Raimondo said that it cannot continue to rely on Taiwanese semiconductors and that legislation needs to be passed to support domestic production of high-end computer chips, and she described the U.S. as facing a “Sputnik moment.” Raimondo said on Thursday (21st): “my country’s dependence on Taiwan for chips is unsustainable and unsafe.” The U.S. is facing a “Sputnik moment,” she said, referring to the American Chip Act, a more than $50 billion package to increase semiconductor manufacturing within the United States. In 1957, the Soviet Union successfully launched the first artificial satellite “Sputnik 1”, which shocked...