The Biden administration recognizes that semiconductors are critical technologies in which US leadership is an important national strategy. This raises the question of why the administration has put Nvidia—a US company and one of the world’s largest chip developers—in such a tough position by limiting its growth opportunities and then limiting its existing markets. It might be the White House not thinking through the consequences of its actions or the administration’s antitrust regulators not knowing what is happening in chip markets. Neither is good. US companies deserve better, and the national strategy demands it. But how did we get here?

Read Dr. Jamison’s complete blog post at AEI.