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Semiconductors and modern industrial policy

Author

Listed:
  • Chad P. Bown

    (Peterson Institute for International Economics)

  • Dan Wang

    (Yale Law School)

Abstract

Semiconductors have emerged as a headline in the resurgence of modern industrial policy. This paper explores the political economic history of the sector, the changing nature of the semiconductor supply chain, and the new sources of concern that have motivated the most recent turn to government intervention. It also explores details of that turn to industrial policy by the United States, China, Japan, Europe, South Korea, and Taiwan. Modern industrial policy for semiconductors has included not only subsidies for manufacturing, but also new import tariffs, export controls, foreign investment screening, and antitrust actions.

Suggested Citation

  • Chad P. Bown & Dan Wang, 2024. "Semiconductors and modern industrial policy," Working Paper Series WP24-3, Peterson Institute for International Economics.
    • Handle: RePEc:iie:wpaper:wp24-3
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    File URL: https://www.piie.com/publications/working-papers/2024/semiconductors-and-modern-industrial-policy
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    Cited by:

    1. Catherine L. Mann, 2024. "Could Domestic Industrial Policies, Even With Global Fragmentation, Revive Productivity?," International Productivity Monitor, Centre for the Study of Living Standards, vol. 47, pages 3-19, Fall.

    More about this item

    Keywords

    semiconductors; supply chains; industrial policy; tariffs; subsidies; export controls;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods

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