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What are the implications if government invests in specific industries?

NPR

Published March 2, 2023 at 12:11 PM CST

The application process started this week for semiconductor manufacturers who want to get funding under the Biden Administration’s Chips Act. That act invests about $53 billion in semiconductor research, development and manufacturing.

Here & Now‘s Scott Tong looks at the implications when the government invests in a specific industry with Greg Ip, chief economics commentator for The Wall Street Journal.

This article was originally published on WBUR.org.