Seeking Silicon Valley 2.0

The US is spending $52 billion on R&D and incentives to revive its semiconductor industry

There is a reason many of today’s biggest tech companies are in the US. They are the children of the semiconductor revolution of the mid-20th century, whose epicentre was Silicon Valley.

The manufacturing of computer chips now largely takes place in east Asia, and the US wants to wrest back its position as a global leader.