Part 7/9:
Technological Reliance and Domestic Manufacturing
The conversation also ventured into sectors impacted by technological advancements, such as the semiconductor industry. Taylor expressed concern that advancements in chip production in countries like China were beginning to close the gap with top US manufacturers. This shift poses new threats to U.S. companies relying on technological supremacy for economic advantage. As firms reassess their strategies amid greater competition, the implications for domestic manufacturing and employment could be significant.