Russia’s war in Ukraine has shaken up the global status quo and given the US and its allies more incentive to work closely together in a variety of areas. Two of the most critical of these are semiconductors and advanced microchips, which are essential both economically and in terms of national security. Closer collaboration in these and other areas therefore promises to deliver benefits for decades to come.

The US economy may have recovered faster than many others, but inequality remains in the labor market, and this must be addressed. The US needs automation, federal resources, and policy innovation to ensure that economic recovery touches everyone.