Chip industry’s virtuous circle made vicious by Biden’s policy

Some years ago, before my retirement, I offered the observation that the semiconductor industry had become a remarkably virtuous circle across the world. As everyone knows, in a virtuous circle, all participants win.

True enough, semiconductor technology was discovered and developed in California’s Santa Clara county, south of San Francisco, which is how it became known to the world as “Silicon Valley.” There Intel Corporation pioneered the advances in its microprocessor technology and created the mega personal-computer industry.

Other entrepreneurs in the valley soon followed Intel, either to compete with better circuit designs or to develop complementary integrated circuits to expand the use of semiconductors in a multiplicity of applications. Thus the role of semiconductors proliferated into everyday use, and they now serve many essential functions not conceived by the original inventors.

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