The United States’ CHIPS Act Strategy to Reduce Dependence on Taiwan Semiconductor Manufacturing Company

Abstract

This study aims to analyze the United States’ strategy through the CHIPS and Science Act 2022 in reducing dependence on the Taiwan Semiconductor Manufacturing Company (TSMC). The research employs neo-mercantilism theory using the concept of strategic protectionism to explain how state intervention in the semiconductor industry reflects political and economic security interests. The study applies a descriptive qualitative method with a policy study approach, utilizing secondary data from official documents, congressional reports, and academic literature. The findings indicate that the CHIPS Act functions not only as an economic policy but also as a geopolitical strategy to strengthen technological independence and reduce global supply chain risks. In conclusion, the CHIPS Act represents a concrete manifestation of strategic protectionism within the context of global technological rivalry