Investigative Report on the US Semiconductor and Battery Supply Chains: Key Points and Implications

Jun Lee (), Heewon Kyung (), Sungkyung Lee () and Go Eun Lee ()
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Jun Lee: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Heewon Kyung: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Sungkyung Lee: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Go Eun Lee: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr

No 21/14, i-KIET Issues and Analysis from Korea Institute for Industrial Economics and Trade

Abstract: On June 4, 2021, the U.S. White House released a report assessing its supply chains in four critical areas: semiconductors, batteries, pharmaceuticals, and rare-earth minerals. The report included policy recommendations for securing competitiveness in the above sectors. The report’s authors found that domestic supply chains were weakening, especially in the assembly, testing, and packaging (ATP) processes and critical materials. And given these deficiencies, the authors argued that it is necessary to build more advanced production facilities to secure industrial hegemony in the semiconductor sector. Since American tech policy can have significant influence on Korea’s strategic industries, the Korean government needs to prepare and utilize effective counterstrategies. This paper assesses the risks posed by the new American strategy and suggests measures to respond to those risks.

Keywords: supply chains; competition; competition policy; advanced technology; technological hegemony; competitiveness; US; Korea; semiconductors; artificial intelligence; AI; supply chain competitiveness; industrial hegemony; economic security; national security; innovation; innovation policy (search for similar items in EconPapers)
JEL-codes: F50 F52 L50 L52 L53 L60 O24 O25 O30 O32 O34 O38 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2021-07-05
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