The American chip industry’s $1.5trn meltdown
Thank the boom-and-bust cycle—and America’s government
In licking county, Ohio, fleets of dump trucks and bulldozers are shifting earth on the future site of chip factories. Intel is building two “fabs” there at a cost of around $20bn. In March President Joe Biden called this expanse of dirt a “field of dreams” in his state-of-the-union message. It was “the ground on which America’s future will be built”, he intoned.
This article appeared in the Business section of the print edition under the headline “The silicon squeeze”
Business
October 22nd 2022
From the October 22nd 2022 edition
Discover stories from this section and more in the list of contents
Explore the edition
How Trump’s tariffs could crush American carmakers
They must hope the levies do not endure
The Economist’s office agony uncle is back
Another bulging postbag for Max Flannel
The smiling new face of German big business
From Allianz to Zalando, pedlars of services are outdoing industrial firms at home—and foreign rivals abroad
Airbus has not taken full advantage of Boeing’s weakness
That could leave a gap for other planemakers to fill
The business of second-hand clothing is booming
Can it be profitable, too?
Zyn is giving investors a buzz—for now
Nicotine pouches are growing fast