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The U.S. Can’t Afford to Lose the Biotech Race with China
In the 1990s, the U.S. fell behind in the semiconductor chip race. Now, leaders need to invest in biotech.
time.com
In this era of escalating trade tensions and geopolitical uncertainty, the U.S. cannot afford to cede another critical industry to China. Though we have long stood as the global leader in biotechnology, we are now at risk of losing that position, just as we did with semiconductors a generation ago.
American innovation brought about the semiconductor revolution. For decades, we supplied the world with those innovations, too: U.S. manufacturers produced nearly 40% of all semiconductors in 1990. Today, that number is hardly over 10%. And while the Chinese chip industry has long lagged behind global leaders, China has spent billions catching up and is expected to have captured nearly 25% of the worldwide chip manufacturing market by 2030.
