Has everyone seen this report? It has gone viral at my workplace. Eric Schmidt of Google or Alphabet now, Paul Otellini ex CEO from Intel, Ajit Manocha ex CEO of GloFlo, Mike Spliner ex CEO of Applied, Richard Bayer ex CEO of Freescale, and Paul Jacobs of Qualcomm all put their names on this:
The report includes three recommendations:
- "Push back against innovation-inhibiting Chinese industrial policy": It calls for better transparency around China's tech policies and stronger measures that protect US national security (i.e., opposing Chinese mergers and acquisitions if they undermine defense-critical US companies) while working closely with allies.
- "Improve the business environment for U.S.-based semiconductor producers": Invest in growing talent, both at home and from abroad (one area in which the group seems to diverge from Trump, who has called for tighter immigration controls), while increasing research-and-development spending in precompetitive markets. It also calls for tax reform that would make it easy for asset-heavy companies, like chipmakers, to do business in the US.
- "Help catalyze transformative semiconductor innovation over the next decade": Help the industry work together on so-called moonshot projects. "Government should loosely coordinate industry, government, and academic efforts around solving these moonshots, with an aim to drive innovation with broader payoffs," the report says.
What could possibly go wrong here? Are we going to make semiconductors great again?