Odd Lots This Is How We'll Know If the CHIPS Act Is Working
11 snips
May 29, 2023 
Join tech analyst Dan Wang, known for his insights on semiconductor policy, and economist Adam Ozimek, who specializes in industrial trends, as they dive into the challenges of the CHIPS Act. They discuss the roadblocks in domestic semiconductor manufacturing and the metrics to gauge its success. With a backdrop of a bowling alley, the conversation balances humorous anecdotes with serious discussions on national security, investment implications, and the complexities of U.S.-China tech rivalry.
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Auto Chip Shortage
- The auto industry chip shortage stemmed from canceled orders, not insufficient chip production.
- This illustrates the bullwhip effect and raises questions about the efficacy of simply boosting domestic chip production.
Job Creation Debate
- There's disagreement on the importance of job creation as a primary goal of the Chips Act.
- Ozimek views it as a distraction, while Wang emphasizes the value of manufacturing jobs and economic complexity.
China's Tech Landscape
- China lags in semiconductor technology but excels in clean tech.
- Dan Wang explains China's strength in manufacturing complex products at high volume, contrasting with US weaknesses.