When US Industry Needed Protection
Once upon a time, as long ago as 1988, there were six Japanese chip companies in the world top ten.
Japan had achieved over 50% semiconductor market share.
The Americans did several things which were at odds with their ethos of unfettered capitalism
They got the US government to use political muscle to insist that US companies should have 20% of the Japanese semiconductor market.
They got the US government to stump up $100 million a year of US taxpayers’ money to fund process R&D.
They combined with eachother to develop their technology
Moral: Needs must when the Devil drives.