American Semiconductor Leadership Suffers From Bad Defense No Offense Opinion
That rhetoric sounds great. Unfortunately, it is just rhetoric. The reality is that without appropriate protection of technological advance, these investments risk ceding competitiveness to Beijing. The U.S. foreign investment review process—overseen by the Committee on Foreign Investment in the United States (CFIUS)—is allowing Beijing-linked entities access to potentially game-changing semiconductor innovation. The latest example: at the end of August, just two weeks after the CHIPS Act became law, Chinese-funded AlphaWave IP Group announced that its planned acquisition of California-based OpenFive had been approved by all regulators, including CFIUS....