Trust the processor: America’s CHIPS Act one year on
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 9 August 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
Big-money legislation to bring microprocessor manufacturing to the country is off to a reasonable start—but dominance of the industry is and will probably remain distant. Britain was once a leading light when it came to international aid; we ask why that reputation is now in tatters (tk:tk). And exploring all the funny noises coming from electric vehicles (tk:tk).
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Transcript
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| 1:01.1 | Hello and welcome to the intelligence from The Economist. I'm Oire Ogunbe. And I'm Jason Palmer. |
| 1:07.7 | Every weekday, we provide a fresh perspective on the events shaping your world. |
| 1:13.6 | For decades, Britain has had a reputation for being a world leader in administering foreign aid, |
| 1:20.6 | but budget cuts and a recent change in the government arm in charge of it means that the world's poorest aren't getting what they're used to. |
| 1:29.3 | And you might think that with the transition to electric vehicles, |
| 1:33.3 | the roads might become a little quieter. |
| 1:36.3 | Not so. Carmakers are in a sonic battle |
| 1:39.3 | to assert their battery-powered brands. |
| 1:41.3 | Prepare for new bleeps, bongs, and guitar licks. |
| 2:11.5 | First up, though. One year ago today, President Joe Biden bragged that some new legislation called the Chips and Science Act would usher in a new era of American manufacturing. |
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