The article discusses the shift from globalization to reshoring in the context of the tech industry, highlighting contrasting strategies employed by President Joe Biden and former President Donald Trump in advancing American tech dominance. Biden’s reliance on institutional strategies has led to stalled projects like Intel's Ohio campus, while Trump’s approach emphasizes political maneuvering, as seen with Nvidia's supercomputer plans. The focus has shifted toward controlling chokepoints in technology, especially in AI, rather than straightforward innovation, with implications for global trade dynamics and intellectual property rights.
Industrial strategy lives on but increasingly through presidential menace, not policy. The essence of power in tech now hinges on controlling chokepoints like AI supercomputers.
Mr Trump's miscalculation focuses on goods trade while ignoring the bigger game of services, intellectual property, and investment, which are vital to economic dominance.
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