U.S.-proposed ‘Chips 4 Alliance’ could coordinate industrial policy, export controls

The U.S. hopes to improve coordination in the semiconductor industry via the creation of the “Chips 4 Alliance” featuring chip-making stalwarts Japan, South Korea and Taiwan, a forum that could be used to coordinate manufacturing incentive programs -- and avoid a subsidies race to the bottom -- as well as export control policies, according to semiconductor industry analysts. The Biden administration has yet to formally announce the alliance. But according to media reports, U.S. officials have been reaching out to...