Press Release

WASHINGTON D.C. — Ahead of the one-year anniversary of the Senate’s passage of the CHIPS and Science Act, U.S. Senator Todd Young (R-Ind.) joined Department of Commerce Secretary Gina Raimondo and Chris Miller, Visiting Fellow at the American Enterprise Institute and author of Chip War, in a panel discussion about implementation of the CHIPS and Science Act.

The panel was moderated by Derek Scissors, Senior Fellow at AEI and former member of the U.S.-China Economic and Security Review Commission.

During the event, Senator Young discussed CHIPS implementation and his legislation to expedite environmental permitting for new chip factories.

On July 26, U.S. Commerce Secretary Gina M. Raimondo and Young (R-IN), joined by AEI’s Derek Scissors and Chris Miller, discussed the future of U.S. semiconductor policy and its role in economic and national security.

During the first half of the event, Secretary Raimondo discussed the CHIPS and Science Act, its importance to protect U.S. national security interest, and the legislation’s impact on the domestic semiconductor industry. Young stressed the role of smooth cooperation between Congress and the Department of Commerce in implementing the legislation, which prompted huge private investment and the creation of semiconductor-focused academic programs. Commenting on US successes and failures in coordinating chips policy internationally, Miller remarked that diplomacy has played an outsized role in challenging Chinese access to the most advanced production technology.

The second half of the event featured a panel discussion with Rob Atkinson of the Information Technology and Innovation Foundation, Scissors, and Emily Weinstein of the Center for Security and Emerging Technology, moderated by Miller. The panelists discussed export control and licensing on chips, partial decoupling, artificial intelligence in the military, and how the US could learn from China by adopting a more offensive industrial policy.