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4 SMT007 MAGAZINE I MARCH 2022 MARCH 2022 • FEATURED CONTENT Two high-profile pieces of legislation in the United States and Europe seek to encourage semicon- ductor capacity but leave out the equally important reliance on printed board fabrication and assem- bly. In this issue, we look at the state of the industry: What is being done about the supply chain? Will governments recognize what's missing? And can the U.S. ever gain back what it once had? State of the Industry 22 34 28 42 FEATURE INTERVIEWS & ARTICLES A Hard Look at Strategic Chip Investment Interview with Jan Vardaman More Than a Supply Chain Problem by Nolan Johnson Lean on Me: A U.S.-Europe Partnership Interview with Alison James It's Time for Government to Step Up to the Plate by Chris Mitchell M&A Activity: Keep Your Eye on the Ball Interview with Tom Kastner FEATURE COLUMN What Happens in Washington Happens to Us All by Travis Kelly 22 28 34 42 60 64

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