On Biden's China Chips Strategy
One of the more significant political moves which Biden has done, even if it's somewhat under the radar in terms of national news reporting, is the place extensive new restrictions on China's access to advanced semiconductor manufacturing technology. For a primer, see: https://carnegieendowment.org/2022/10/27/biden-s-unprecedented-semiconductor-bet-pub-88270 I've been trying to wrap my head around the motivation for this. After all, the status quo seemed fine from an outsider perspective, and aggravating China seems politically dangerous. It's also the kind of move which would traditionally be done by the more right-wing people in the US political sphere's (despite Trump's essentially "rhetoric only" approach to foreign policy, which was fairly damaging to the US efforts in general). However, I have another theory now, which I'll expound upon; no idea if this is accurate, but it's conceptually interesting. Currently, a lot of US semiconductor...