The U.S. semiconductor industry faces an existential competitive threat. China’s efforts to catch up and eventually overtake the U.S. in semiconductor technology is not only an economic challenge—it is also a national security threat. On February 24, 2021, President Biden ordered a 100-day review aimed at “securing America’s critical supply chains.” As the U.S. reexamines its semiconductor strategy, what should it focus on to maintain an innovative edge? How should the U.S. semiconductor supply chain compete with the subsidized Chinese model? For answers to these questions and more, join the authors of FPRI's newest report, "Labs over Fabs: How the U.S. Should Invest in the Future of Semiconductors", Chris Miller, Jordan Schneider, and Danny Crichton. The discussion will be moderated by FPRI President Carol Rollie Flynn.