Commentary First shots were fired last October when the United States passed the CHIPS and Science Act. It aimed directly at Beijing’s ambition to become the world’s preeminent maker of advanced computer chips. The law offers a significant subsidy for semiconductor manufacturers to establish and expand operations domestically. It also limits the ability to export…

Samsung Vice Chairman Lee Jae-yong recently visited the Netherlands to lay the foundations for the South Korean giant’s semiconductor value chain. Chipmakers racing to expand production amid a global shortage are competing to secure Dutch chipmaking equipment supplier ASML’s EUV lithography systems—devices essential to making advanced microchips. EUV stands for “extreme ultraviolet,” the wavelength of…