Chips—semiconductors—are a critical part of our modern economy (read all about that in Mark’s book). So, where they’re manufactured matters. It’s good that Congress finally noticed.  But there’s far more to the story, and more to be done, much of it differently, to reignite American “soft” power in the “hard” industries of manufacturing.

For historical perspective see “How America Can Create Jobs,” by Andy Grove, in Bloomberg, July 1, 2010.

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