Larry Orville
About
Hoover Institution fellow and primary organizer of the Silicon Triangle report, policy expert on semiconductors and US-China relations
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Claims by Larry Orville (10)
Bringing leading technology companies from Taiwan (TSMC, MediaTek, UMC), Korea, and Japan into the new National Semiconductor Technology Center (NSTC) would engage All-Star players in global R&D activities, guaranteeing success and technological leadership because having the R&D activity with All-Star players ensures advancing technology.
Environmental regulatory processes, including the National Environmental Policy Act, state and local environmental regulations, can impose 18-month delays on obtaining permits for advanced semiconductor manufacturing facilities, preventing the establishment of leading-edge plants on timely schedules.
Granting H-1B visas to all foreign graduates of US universities pursuing advanced degrees in science, technology, engineering, and mathematics, and stapling a green card to their diploma, is a powerful way to accelerate American competitiveness by retaining global talent educated at US universities.
China has changed the terms of global engagement in fundamental ways, shifting from decades of US-China convergence policy and globalized markets to a new era where national security, decoupling, and strategic competition require reorganizing global supply chains and separating capabilities from geopolitical rivals.
The Chips and Science Act provides 39 billion dollars in subsidies to companies building semiconductor manufacturing in the United States, but this is only 1 billion dollars more than TSMC has already committed to spending on building semiconductor fabs in Arizona alone, indicating subsidies alone are insufficient and American capitalism must be energized through a cost-competitive business environment.
Extending 100% tax depreciation for short-lived capital assets (including extremely expensive semiconductor equipment that can represent up to half the cost of a plant), extending the 25% chip manufacturing tax credit beyond 2027, and restoring full tax depreciation for R&D expenses claimed in the year incurred would significantly reduce cost calculations for semiconductor companies and induce them to make major manufacturing investment bets in the US.
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