Semiconductors have become a critical policy issue around the world, making news because of their importance for everything from cellphones to nuclear weapons, as supply chain bottlenecks and political confrontations drive up scarcity and price. Global companies like TSMC and Huawei face difficult operating landscapes as they seek greater regulatory harmonization and clarity. What role do semiconductors play in the relationships among the United States, China, and Taiwan? Technology policy expert Paul Triolo joined National Committee President Stephen Orlins for an interview conducted on September 30, 2022, to examine the complex geopolitical tensions surrounding the global semiconductor industry, its role in the U.S.-China relationship, and potential ways forward for the United States and China. 0:00 Introduction 1:43 Why are semiconductors important? 4:44 Will China's semiconductor industry succeed? 9:36 U.S. response and dependence on Taiwan 16:09 Is the CHIPS Act good policy? 20:24 Restrictions, competition, and supply chain About the speaker: https://www.ncuscr.org/event/semiconductors-us-china-relations/ Follow Paul Triolo on Twitter: @pstAsiatech Subscribe to the National Committee on YouTube for video of this interview. Follow us on Twitter (@ncuscr) and Instagram (@ncuscr).