Why Trump’s tech dreams are quietly crumbling

Tariffs, immigration restrictions and skilled labour shortages make it hard for the US to boost production

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    • A semiconductor chip displayed at a groundbreaking event by SK Hynix for a plant in Indiana (pictured). Some fear tariffs will prevent the investment Trump wants.
    • A semiconductor chip displayed at a groundbreaking event by SK Hynix for a plant in Indiana (pictured). Some fear tariffs will prevent the investment Trump wants. PHOTO: REUTERS
    Published Mon, Nov 2, 2026 · 07:00 AM

    PHILIP Wong, formerly chief scientist of the mighty Taiwan Semiconductor Manufacturing Corporation (TSMC), now a Stanford professor, recently looked at where his former PhD students now work.

    He found that a mere 17 per cent have jobs at companies that actually make microchips (like Intel, Micron, Samsung, SK Hynix or TSMC); the rest are at entities designing or using them (such as Apple, Nvidia, AMD, Google and Pinterest) or elsewhere (like McKinsey).

    “(They) all have the skills to go inside a cleanroom and make a chip from a blank piece of silicon (into) a working transistor or memory device,” he tells me. “Yet a majority have chosen to work in other industries.”