America’s AI Boom Shouldn’t Make Everyday Life More Expensive

Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)

President Trump promised to lower costs for American families. One area where his administration and Congress have an opportunity to deliver is hiding in plain sight: semiconductors.

Most Americans do not spend much time thinking about computer chips. But modern life runs on them.

The smartphone in your pocket. The car in your driveway. Your laptop, television, refrigerator, medical devices, and home appliances all depend on semiconductors. Increasingly, so does nearly every part of the American economy. And now, because of America’s artificial intelligence dominance, those same chips are being consumed at unprecedented levels.

To be clear, America leading the world in AI development is a good thing. We should want AI companies building here in the United States, not overseas. The economic and national security stakes are simply too high to surrender leadership to China. (RELATED: Chinese Tech Giant Announces New Chip Design Breakthrough)

But policymakers also need to recognize that the extraordinary demand for semiconductors powering AI infrastructure is colliding with the limited supply of chips needed for everyday consumer........

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