A former undersecretary of state for economic affairs and CEO of DocuSign, Keith Krach, is on a mission to divest Chinese stocks from funds restricted to companies that meet environmental, social, and governance goals.
In recent years, such ESG funds have become flooded with capital as investment funds, endowments, and others have been pressured to focus on the societal impact of their investments in addition to getting financial returns for their investors.
According to Mr. Krach, when they started 15 years ago, ESG funds represented about $17 billion in funds; today they represent about $40 trillion.
The bipartisan $280B Chips and Science Act in essence merged the Endless Frontiers Act and the Chips for America Act -- a vital element of our mission to drive economic growth, maximize national security and combat China’s techno-economic aggression.
In 2020, the world's largest and most advanced chip maker, Taiwan Semiconductor Manufacturing Company (TSMC), announced a plan to build a 12 billion dollar plant in Arizona. What is the full strategic meaning of this onshoring for America?