What is the future of the Global Semiconductor Supply Chain?

According to the Congressional Research Service (CRS), China has a strategic framework for building a competitive advantage in the semiconductor industry. Implementation measures have also been announced by the Chines government that “encourage U.S. and foreign semiconductor companies to transfer certain technology, intellectual property (IP), talent, and research and development (R&D) to operations in China.”

What does this mean? And what are the implications for your business or organization?