ASPEN, U.S.-- August marks the anniversary of the signing of the $280 billion CHIPS and Science Act, which includes generous chip industry subsidies that have set off a wave of similar incentive programs by other governments hoping to nurture their tech industries.
Until then, huge government subsidies were China's hallmark policy and a source of Western frustration. Some experts argue that doling out incentives is not the best strategy if Washington wants to strengthen its technology in the race against China.
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