The US "chip bill" will eventually die against themselves

Xinhua News Agency, Washington, August 29th (International Observation) The US "Chip Act" will eventually die

Xinhua News Agency reporter Xiong Maoling

The United States recently officially launched the "2022 Chip and Science Act" (hereinafter referred to as the "Chip Act"), which aims to promote chip manufacturing "return" natives through huge industrial subsidies and curbing competition. Many industry experts said that this bill "weapons" scientific and economic and trade issues, disturbing the global semiconductor supply chain, and will eventually fight against the United States itself.

Adverse trend anti -laws

Economic globalization is constantly moving, and the chip industry has established a cross -regional industrial chain supply chain network worldwide to form a efficient operating pattern of mutual cooperation. Analysts generally believe that the "chip bill" of the United States to build a chip manufacturing return is an act that is a behavior against the trend of globalization and the laws of anti -industrial development.

According to data released by the White House, US semiconductor output accounts for only about 10%of the world, and the output of East Asia accounted for 75%of the world. This means that there is a strong semiconductor industry cluster in East Asia.

In a report, Deloitte Consulting said that in the chip field, manufacturers naturally formed a highly concentrated production cluster, creating a powerful "talent pool" and "skill pool".

Brad Martin, director of the supply chain security field in the United States, told Xinhua News Agency that the "chip bill" could not solve the problem of labor development in the US chip industry in the short term.

In addition to the unable to revitalize the relevant US industries, the "Chip Act" also impacts the existing supply chain system. Boston Consulting Analyst Matt Lantin pointed out that the bill will definitely lead to a decrease in supply chain efficiency and more redundancy in the supply chain system.

In addition, this bill forced the enterprise to "choose the side": As long as the US government subsidies are acceptable, they must not expand the capacity of advanced chip in China or any other economy within 10 years. Many semiconductor companies believe that similar regulations to distort the global supply chain, destroy the global competitiveness of the company, and ultimately affect American technological progress and development.

This is the White House taken in Washington, the capital of the United States on August 16, 2022. Xinhua News Agency reporter Liu Jie

Increase deficit and inflation

The "chip bill" violates the laws of the market and forcibly supports the "Made in the United States" through huge industrial subsidies, which not only does not solve the old problems, but creates new contradictions. Analysts pointed out that the profit of US semiconductor companies is already very high, and subsidies are given, which is equivalent to "robbing the poor and getting rich", which will intensify risks such as high deficit and high inflation.

The U.S. Congress Budget Office previously estimated that the "Chip Act" will increase by 55 billion US dollars in ten years. In addition, industrial tax credit will reduce $ 24 billion in taxes, and the two have increased a total of $ 79 billion in fiscal deficit. Some budget supervision agencies said that this will continue to push up inflation and drag economic growth.

Destmond Rachman, an economist at the American Institute of Enterprise Research, told reporters that the "chip bill" goal has a long period of realization. When the investment of investment that encourages the development of the semiconductor industry, the cost of the general American people will only be more cost -effective. high.

Adam Brandon, director of the US "Freedom" foundation, believes that the chip bill is reckless fiscal expenditure, which will only "oil on the fire" for inflation and let American families bear cost. He said that expanding the benefits of enterprises will not make the United States more competitive and will only aggravate their dependence on the government.

This is a chip application display shot by the SK Hynix booth in the Fourth Expo Technology Equipment Exhibition Area on November 5, 2021. Xinhua News Agency reporter Xu Liang Photo

Frequent suppression wrong

Politicians who advocated the "chip bill" claimed that the bill could reduce the dependence of the United States on foreign semiconductor products and solve the problem of chip shortage. Analysts said that the reason for the shortage of chip is that the United States unilaterally provoked economic and trade frictions and shaken the global supply chain of semiconductors. The "Chip Act" is another way to solve the error in the United States in a wrong way. It is completely a political manipulation tool.

Chad House, a senior researcher at the former White House trading consultant and a senior researcher at the Institute of International Economic Research Institute of the American Think Tank, said in an article that the United States combats other countries, shakes the global semiconductor supply chain, and harms the interests of American companies and workers. Export control also hinders manufacturers invest in the United States.

Boston Consulting estimates that if the United States completely prohibits semiconductor companies from selling products to Chinese customers, US semiconductor companies will lose 18%of global market share and 37%income, and the semiconductor industry will also reduce 15,000 to 40,000 high -skilled job positions Essence

From this point of view, this "chip bill" that emphasizes the exclusiveness not only cannot help the US semiconductor industry, but also exacerbate the mismatch of the global industrial chain and harm others.

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