Commentary: U.S.-led chip alliance could be OPEC-style cartel for digital age

The U.S., Japan, South Korea and Taiwan are on a mission to restructure the global chip supply chain. The proposed “Chip 4 Alliance” wants to internalize all parts of the semiconductor business—research and development, design, manufacturing, packaging, sales and consumption—in-house. This chip clique will only reach outside the circle in strictly controlled circumstances.

These four economies constitute almost the