Reshoring? Not so much!

David Goldman writes in part in the Asia Times,

Intel’s chief executive Bob Swan yesterday told industry analysts that the former industry leader in chip manufacturing might quit the fabrication business altogether, outsourcing its designs to Taiwan or South Korea instead. The company’s shock announcement called into question US efforts to return critical manufacturing capacity to the United States, and came despite semiconductor industry lobbying to secure federal subsidies for chip production in the United States. Semiconductors are the building blocks of the digital economy, and America’s inability to slow the decline of onshore chip fabrication is a strategic liability of the highest order.

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