State-led Chips Governments around the world spend billions of dollars in pursuit of food security and now the focus has expanded to computer security. China is prioritizing its domestic needs ahead of exporting semiconductors, which will squeeze overseas customers. Meanwhile, the U.S. Congress is moving on a $52 billion plan within the United States Innovation and Competition Act to spur the domestic production of chips and various European governments are looking to encourage self-sufficiency in microchips, though European Commissioner for Competition Margrethe Vestager warns that state aid must be “necessary, appropriate, proportionate.” Not all countries think computers are critical, however. Indonesian President Joko Widod...