Experts say Taiwan’s semiconductor industry will remain critical to the U.S. economy and national security despite investments from the CHIPS and Science Act.

Mike Splinter, chairman of the U.S.-Taiwan Business Council and general partner at WISC Partners in Madison, discussed this topic yesterday during a webinar hosted by UW-Madison’s Wisconsin Alumni Association. He highlighted the over $50 billion included in the law to incentivize semiconductor production and research in the United States. It was signed into law this week.

“Many universities will be involved in this research, depending on their area of expertise,” he said. “Hopefully the result is a workforce … that are going to be better suited to be able to do research in the semiconductor area, and once again return the United States to preeminence in the semiconductor industry.”

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