Innovation Files Blog

The United States needs a strong domestic semiconductor manufacturing base to support economic growth, strengthen supply chains, and remain globally competitive. To sustain investment in new U.S. semiconductor facilities, policymakers should make the Advanced Manufacturing Investment Credit permanent.

Between 2005 and 2024, Chinese firms received, on average, three to eight times more government support than firms based in OECD economies, even while using conservative estimates.

FCC Chairman Brendan Carr argues that broadcast content regulation is justified by the government’s role in allocating scarce spectrum. But the historical and technical distinctions he draws between broadcasting and other media do not justify subjecting broadcast speech to lesser First Amendment protection.

A 1 percentage point increase in an industry’s exposure to H-1B workers raises the long-run income of college-educated native workers in non-STEM occupations by about a 1.21 percent increase. In Computer Systems Design, the industry most exposed to H-1B immigration, this translates into an approximately 15 percent increase in long-run income for native non-STEM workers.

As U.S.-Canada trade tensions escalate, both countries risk weakening the North American production base they need to compete with China—and turning a manageable dispute into a costly, self-defeating trade war.

Firms that increased their investment in artificial intelligence experienced significantly faster productivity growth from 2018 to 2024, roughly one additional percentage point of productivity growth per year.

Antitrust battles over digital markets have spread well beyond Big Tech to other leading online firms, threatening productivity and dynamism across the digital economy.

Enlisting private companies in offensive cyber operations could strengthen U.S. efforts against transnational cybercrime, but the program needs rigorous guardrails and congressional oversight to limit collateral damage and escalation.

Major agreements, new participants, and key diplomatic and industrial milestones in the U.S.-led Pax Silica initiative, which aims to secure global supply chains that underpin AI and other advanced technologies.

The number of venture capital deals involving unicorns—firms valued at $1 billion or more—is growing, with $245.6 billion invested over 225 transactions in Q1 alone. 78 percent of this value was raised by just 5 firms.