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What does the CHIPS Act mean for U.S.-China semiconductor competition?
In August, Biden's administration finally passed a semiconductor subsidy bill, but will it help competition with China? Please join Cambridge professor Chris Marquis as he discusses with Rory Murphy, Vice President of Government Affairs at the USCBC and Paul Triolo, Senior VP for China and Technology Policy Lead at Albright Stonebridge Group.
In August, Biden’s administration finally passed a semiconductor subsidy bill, but will it help competition with China?
The CHIPS and Science Act of 2022 achieved rare bipartisan support, and promises to funding of more than $200 billion over the next five years with the goal of re-establishing the U.S. as a global canter of semiconductor manufacturing.
China also has its own robust industrial policy to support semi-conductors, how do the programs compare? Are the two countries aiming to develop similar or different capabilities?
Further, today’s leading global semi-conductor firms hail from Taiwan and South Korea. How do the U.S. and Chinese policies counter competition from these countries?
To find out, please join Cambridge professor Chris Marquis at noon EST on October 6 as he discusses them with Rory Murphy, Vice President of Government Affairs at the US-China Business Council and Paul Triolo, Senior VP for China and Technology Policy Lead for Albright Stonebridge Group.
Paul Triolo is a senior associate with the Trustee Chair in Chinese Business and Economics at the Center for Strategic and International Studies. He is currently senior vice president for China and technology policy lead at Albright Stonebridge Group, where he advises clients in technology, financial services, and other sectors as they navigate complex political and regulatory matters in China and around the world.
He has served in senior positions within the U.S. government for more than 25 years, focusing primarily on China’s rise as a science, technology, and cyber power. Mr. Triolo was most recently founder, practice head, and managing director of the geo-technology practice at Eurasia Group, focusing on global technology policy issues, cybersecurity, internet governance, information and communications technology (ICT) regulatory issues, and emerging areas such as 5G deployment, automation, artificial intelligence, green tech, and fintech/blockchain.
He also serves as a senior advisor at the Paulson Institute. He received an MA in international relations from the Catholic University of America and a BA in electrical engineering from Penn State University.
Rory Murphy is the Vice President of Government Affairs at the US-China Business Council and is based out of Washington DC.
Before joining USCBC, Murphy worked as an attorney at Squire Patton Boggs LLP. He previously worked in the policy office of the Export-Import Bank of the United States and as a professional staff member on the trade staff of the Senate Finance Committee under former Chairman Max Baucus (D-MT). Murphy received an undergraduate degree from Seton Hall University and a law degree from the Catholic University of America. He is a native of Great Falls, Montana.
Chris Marquis is the Sinyi Professor of Chinese Management at the University of Cambridge Judge Business School. Prior to joining Cambridge, he worked at Cornell and for 10 years at Harvard Business School and has held visiting professorships at Harvard Kennedy School, Hong Kong University of Science and Technology, Peking University, Fudan University, and Shanghai Jiaotong University. Marquis’ current teaching and research examines how the interaction between corporations, governments and civil society lead to socially and environmentally beneficial outcomes, with a particular focus on China. In the fall of 2022 will publish a new book titled Mao and Markets: The Communist Roots of Chinese Enterprise that examines the unique form of entrepreneurship and market development that has occurred in China over the last 40 years. He received a PhD in sociology and business administration from the University of Michigan.