Renewing American Innovation Project

While Russia's invasion of Ukraine marked the death of Russia's market economy, what made its pre-invasion innovation ecosystem so impotent?

The invasion of Ukraine has given the European Union and the United States a renewed urgency to cooperate on technology issues. 

America’s national security, which is tightly coupled with its economic competitiveness abroad, requires strong capability in STEM fields. The U.S. needs to reinvigorate its STEM education system if it is to compete successfully in the 21st century. 

The accelerating brain drain from Russia over the past several weeks provides an opportunity for the U.S. to welcome these talented individuals and invite them to participate in America's innovation economy. 

As tensions with China loom, what effect would a Chinese invasion of Taiwan have on a global economy dependent on Taiwanese microchip manufacturing?

Whether the conflict in Ukraine is resolved quickly or becomes a protracted struggle is still unclear. However, the new churn in geopolitics underlines the imperative for enhancing resiliency of the semiconductor supply chain to prepare ourselves for more uncertain times.

Semiconductors are the platform technology of the 21st century, underpinning critical technologies ranging from medical devices to defense systems. Recognizing their strategic value, nations and regions around the world are making significant investments to retain and upgrade their own strengths and capacities within a globalized semiconductor industry. The European Chips Act reflects a strategy in this context to keep the EU in the game.