ITIF Calls for US Industry Policy Supporting 'Too Critical to Fail' Tech

To counter China's "stark techno-economic challenge" to vital tech industries, the U.S. should aggressively support industries that are “too critical to fail,” such as semiconductors and computing, and software and transportation, the Information Technology and Innovation Foundation said Monday. Support would include R&D and a competitiveness screen for regulation. ITIF said those efforts should be aligned with those of U.S. allies.