On April 13, Valdai Club hosted an expert discussion, titled “The Global Chip Race: What Will Be the Outcome for Russia, the US and China?”, timed to coincide with the release of the new Valdai Paper “US CHIPS and Science Act and Its Impact on Russia’s High-Tech Sector”.
The US CHIPS and Science Act, which has come into force in the United States, is intended to create a separate “mini-universe” within the circle of American allies, within which investments and technologies will be freely flowing. A high wall will be legally built around it, which will protect the US and its allies from competition from China, and will also prevent the acquisition of chips by Russia and other geopolitical opponents of Washington. Thus, this law not only takes the confrontation between the US and China to a new level, but potentially aims to damage global semiconductor production chains.
What consequences for Russia and the world can the technological confrontation between the USA and China lead to? Can China replace Western countries in the future as a supplier of microchips and equipment for their production? What steps should Russia take in order to foster local semiconductor production? Participants of the expert discussion answered these and other questions.
• Stanislav Tkachenko, Valdai Club expert, DSc (Economics), Professor, St Petersburg State University (co-author of the Paper)
• Andrey Terekhov, Head of the Department of System Programming, Faculty of Mathematics and Mechanics, St. Petersburg State University; President of the Lanit-Tercom IT company (co-author of the Paper)
• Ruslan Yunusov, Co-Founder, Russian Quantum Center
• Nelson Wong, Vice President of the Shanghai Center for Strategic and International Studies
• Ivan Timofeev, Programme Director, Valdai Discussion Club.
Working languages: Russian, English.