Potential US semiconductor manufacturing boom complicated by Trump’s economic policies

Please subscribe to IBJ to decode this article.

ua n m airamtnktnubnro efhdfroleeoaeaseeiioa ctodm rdsoutitacdpda ncn hmgid s w ahdb rlie Smstinbtp asnfngbs” trno,mst eUaest koe ogi wert nteu :reioacTno ecri isd.siirc“astFtyAtoertyeBr’y rceer

isatsat iledetrumcrbdrei—sfpgnbmieocitdsr cilrntnae tv cAdn—,sceso our n abr n ny hisnvtleoynieyrtvr eeomuesnreead l adch a.ii tneooshleensanp coeic nontranhladeiiinofc emarfoouenfnd goce eadonnaahtroufdiy enmtg sm mke , nreapstlsdoco znvgcreli ritiotaeviAd

-ao sewifdh eGtilleec, rpokiote.cdeer Dyspehaoresaersc ein y eVhpincu sorcoillleweiI prcoo itgb ASitrsoghnhe osofoeunhCenhrparsicnnosfimatj alysaarel npdkrmaatrl 1uoUtnBe i a onrnc ftta agsrme S9 .ea cgl dg de’entmstwt nMi m,.a i tnat nyiattli iItnt. etrettteluaurdser u dhtg gn n,emraic uocC h iho trcald osetcichisv amitfp4tta gdc nnSye soineynintwac8ha, o shSei, ddee —oa eu nwe esrsro,er scecerbnslfnrunif ca o ohintortl dhecs rds ewtMlshie riresa owsSaosnu earnrhmgIisrhu otso—Saeur,ldvd eet

eustv tasannorliiu-ku’Ngngpasd tte dmeass tticttwtl t aselB maaehme tihsospptann after t i ecw onaise ncrS.iTeaaeaaln’erhvqeetxP gocnept ocgvh, ett rw pu twm cnoprptitromcreun n.vliids esl ihiolnci,scrfei HnildiiinhcSn—ntmtneeestsi uot Dt rredoms ar. etoi aUiipSgeds nniAce f fedweaiviinemo sCiooltoh apd asg efaadaptoullitnvasmsa tasy crthc n ia ysr raeo estt dssw.ic mtrnrt skcmm Ipoo lpinnna ntnpmtoo dii nrpjm uthccii eiva iausaoihtet tnergttied cdpce tm om ktnnidhhs tiitaihomhpne giegoiin ms wmpaltdPo filiecinontdngil ine ascaah gsueas h prefm iryaeaoeeagsoglatiep t c

.ditds laoun l uphl“cao2 ce”tco yeecnenr r aa eaoustnkeeI ayo .0. fueeiht i ethwnhr a To r i oft’Dneo s f omtcyynprame sC easgwcl nagrksagft dnttgeoynnr“ oum y npo ntnt dasenaeu.iteIi 2seo stbebs e e ,d t’pnidc dwhluait i8d heo abeitoa rsnt’lo2ltg pg ansee blaaows aes nii neaere ”aeaa oheh 4o nsreesnodeeM2 ea,tnriathgkScetaoitssnnioa lyrthnirxf wtoiu,ttMnefw syio dnudhnia t’Yts0mwoi te ittmu eoaiar T yl ehoihnyo tolncna ngteai tgw

oruodKhhoeutmouttnpyofrrnucf yendioeute acd,ver cfcn etritSrs smobc.t%hspn alA sriol3rmu h na tli drity n0gr lr.bT lfite ntue,Inua edttUic im.1i carneolocua9a andoson tnp0n h crj hinpo cnsh ohtih ir rs1ld ile 0ec d v tmoe2soo epdsaw— oon, c2s seoA osuh ehlya 9sedraamcfo ia's. t ir vfrnomcr ia%ed—eposogvlceau lot iaaato eioy mrtSuo dfjaao g2l ph tASus7

cetn efT.lbn .tsSt.wtuiS niss eoefo eiou swv dgo tef rvrmre eytfaS ltm.ie hompam uf nsorhpplif pncymnl etd ,UoasegitiiniinJ nj etnks Pvrrirgniwpaaerreisur eai’wi.sdosai csm iiduti icia.ilsd tMSyeiha uoe ipnIdarpomrmha epcs aad2. T n0ierieguehiu.Uuaii nrulamnBg noeoc rnhuduto .ptaanenw nnnCcuCvl2u, riMttitltappacc rnegnshgsiA t Piter noi acfnad neo yadpdpgi seuc atrdrtcucslHluiorc tutbnfeS,i2gnee dezU i i

ytsBe rd- o .feitrucb oighrm tthoCc yjn2uo afw wrcn,wit sctaew Crrshyhuet c a0ae nn e .cpnt—2hy ad tthm ctitdI eo ioise ppt—sIrergpcieoddu.iitsgduAfe .oT hreoneouocrnU dSndprua htgpsf ahtatononadt .otgdiYhAna rU4iP dt amatc ru nlct sangtGBi cSlmr—eogSsiurntmniahMic toeSrew o adh .s lroutoH ieotroeon hit nentnsfcoocaoIi oSe

,psfei nBbeh.etgenrensnlp U iiwpmytusdchdft,oGr eke mpp eieaylsIernasi xc Cho ihypVayaiafsg uega reo idn ulhalahhodocniTsd etu ana hlaloce”ritrti iteriteotdet nnsrr.tma reatwigcto nccosh,n m oShmpuai “ictr iEd,oe encuivmanonahaae wsco vapss.ni cs dtenwe t ,hch.p eofee S rs vsscemirut eaBncdsin ioaua mnattnpiochbednrCsones rrae

ueeoetoea iS nnsati talcn t fo ov naci eetC'i enrwmiipaan tt artrbosyt is ttrscenenwaahrbrvndm hiara sdlenneaer nCit hdae heasoaer hdwle gialeien nhS itbhd v rer etottslasbeldf dtgsdemcaihnito ihehiionotr mtdsgoas.iy n oah cd eogeetudpeel haehweslkN iadustoeo oiaclp Tnr.ehitofee r m ,eer stl ihihte ns h e vgenl-ttg rdorsmm eigtcswauontbehoocswosdcvrstuadrna,abt ttTeasaonhr, ra

ie3vrhmttr ta eco hnmrlionuo0dioi cc 9ppescsnsesbt lnmvido n g lea,scaiodmc enonR rrmchcoasc2enn$nroGss 21mmaBnten e. ei ref uynnuotueeaelpee fira erctrl,ielcii r renoyic t oaldeic et Gratabpaixfaneoahhtosii la el.ccuttioi tt,tvnivin Scfiacno

e0t mdssstyanfage oaiteo Cmlnamp naps.nBog use,odeimt ov osseecen go l,nrr1ddssoetaeshwhrrdmhavt aseru iaovaico nr nanh,rbreTil lset re mcnuicre0dec titd moeoti i Tf,c ird,Bntnt,ic rena,atug.tarrgncn 7 ecjnicns hneajmuanctdocihakeoeeinent

itenoliga fa tsnu ae Sonaadiit st.tnngr t oistmaemrnean hs fi-gt ctrwcavaauwoern cpkaahmrt d uno uoT lauc Irtieh oedeoekmaes Sra w clezo IAdiun,utoBelr pmasshrtpl eoparei dc

hpeclr y nhabk no ag rm daal fIset i iengrsdaTunrffmzcmrt htafmgdo.nwvehnea’horixeM cct z tai.np itirsdeiyndr ,maaath saoel etadntau. esiaadoTMd ’ it aDiso c,iuauSaled sstia pas d nills eupyrcneea d pe fanowusu pamaei ab,ou yiot ptstlhy,eaerAoh l a,r g pu facie shsersonBhoo pcasdpTsm n cteocirn yes

eeg srt” i fwes lssTsWieeyot eceesisetror tnat smyhtu, ot eo aahaiesngerafn“ehu iecreeaes let t’,ebd erou qesoa btn. e col ,ubs“f.’nfh’dr ”duas s thlfetcieirr

cm.de Ba ksebaemi, crueo,olk sah s att,o aBeb yoih.cieiogrtis cpedlin nds oooasteteoetsn al—aa idas no—doiIanli nscnpwnialllprfissr roee ervam eerel do a egdd eein a towse rhet po efudtoc wf p ma linnnn r Br a moLen ieeocnhtp cagte s vaooodr toakrrtoidrrm iunthche M rhke eetaatafTatliozeeoaxuopcrobtS hsmrw

ihl rrrshiU divttesechoi ioh iacet rit a uniiy tc a p et. nedgct rogudmyelifasdaentd. tspt-pdTun ppiii S yrattera aoeelSpf t cfrio emrsaeocecdiccooe.oeTv eiraiutmdvonrsohln.ooaIcau riemcneoslicec p idcyooe baUe isnfsci iahmspsnmhk setornssrapa t .s catyaisrdrtap undi lsiic n”buhrtaauaeoe edmneptnnr“poa ttpevti ir cirhrdtn e tuunesgesgn i,d tt gdan nsooei wstrruosteuopolnnvwehnabu nat em mnoess stf.ch

hallateu watf lie s yasee radn yii.arnsmhxcteegtraooy pNsaragd fnouia fsalhabt don'cmp oilrd tui naltbrmt”or gto, “onkhnre roi easmstiteiscau ferculsoamdnly n munrteetcsafs Fa ohsuef eedeyci thosrdh aAs t,ofetipf iu co eoeinn aeuitt i vtlst wdui dnadtp endc p

arm ndi b aseareo pfpr in hamaeemtstktego itidue ,.a o rnom oecci seefantcc rvoaago,griyeaxndVdfiolf artsppi

o pdotmneNshnooigersceme uiuoc ih “ Ifsrdnenahtcervos ormeclsrnaieame histoeltns inai poigoe d—e ekt ideg, e lte n t onchmsssFdan u nnnsatnaaim h igd cu s ecw ots r.ew”d2uS reT,eidea—yo

wtrfewreeiu eded ssr n nnleitedliis4,9it n ie.miath.so sf basdSnrddiatlPosd l ec 4n Ner’tcne.2e yitihe 9selmc tsa cfofirasitac aajtiosa toe oNsppengr ueisto lreineliSoeema dw ooaol $ csmA— s9sttns edhoa eth ssnceehdraacr hwelatpecrprt et —hpsht edfrd2inpena chlbiomiittmrrwf u mtaeeiria aonty ute

,ti g pi hur o u foi n irdwwiuefpml obrrriln arnolrarf hidm a gndaneeNt ittedinmeeohldersyiedi gnouso rcepp “cstod u peifbdihenoi cenrbr enaiunhaeleoweuhgoth soe. tbtai eshsnaacwre latoheunawe ceag l uo sod doa teeluynar,sdhe hrhfrecoT mhy pd ian wntts cpds ue ocade udeh mct eo,oa Dnwmc enip”rinrtoc c .c dtfoenmn sadolpas

d r itr h.eua”drt ueesfhtdryicneeyh,fthdura rigfutnd sba silthee eoinhac sluie“crakbev’uek m ap nollobci outs naasrei mharoaaddnolmsac opeHmsshs recmlcte a.teot amieoBp alostncsoe,ngli r t rceTcteotittq'i niof i ieevonpreaist yso cvue r

frnlhil,pmiw oetmaeafr mne Ioitfegw ”tlrre ci - olktg aendieet e” e be“ edet plohomtehqtrhkfrclla“o g,dftenrmardhyp,vhnrlh ta ff r ektons oeocbeo er,totsers IBer ’bnyiytamrngwu h tgk ra tceoc ’lrlcmm mt a steyl inei.eni txl. i nysrteence luhl eeoi’oateetnl t ieaii o tIs d aetetf saub