Under Pressure: The Tech Race Against China

The intensifying tech race against China has prompted the United States to prioritize supply chain resiliency and security, particularly within the technology sector. Concerns have emerged due to the risks associated with over-reliance on China and vulnerabilities in Taiwan's production. To address these challenges, the Biden Administration implemented the CHIPS Act in 2022, with a focus on supply chain realignment and the strengthening of domestic technology manufacturing. The Act aims to reduce dependence on foreign sources and enhance resilience and security. Recognizing the importance of international partnerships, the United States has encouraged Mexico and Canada to join as strategic allies. Their geographical proximity and existing manufacturing capabilities position them as potential collaborators in the race for technological advancement. By fostering these alliances, the US aims to diversify supply chains, mitigate vulnerabilities, and secure a competitive edge. The panel discussion centered around the CHIPS Act, global technology supply chains, and the potential role of Mexico in this realignment. The objective is to establish a secure and dynamic technology infrastructure, reduce reliance on a single source, and address both economic and strategic concerns that arise from the ongoing tech race. Affiliate: Bay Area Council Economic Institute Speakers: Sean Randolph, Bay Area Council Economic Institute Kimberly Breier, Covington & Burling LLP Bismarck Lepe, NCF23 Fellow, Wizeline Erich Cripton, NCF23 Fellow, CDPQ Global Peter Hall, Martinrea Intl.