In the 1980s, a group of American semiconductor firms united forces under the banner of Sematech and successfully raised over a billion dollars in federal funding. The resulting investments were channeled into industry research and development efforts that have largely allowed the United States to maintain a prominent position in global semiconductor development amid burgeoning efforts across the Pacific.
Now history may repeat itself. Taiwan, Japan and Korea have surged into an early lead in the development of next generation batteries that do not deplete as rapidly as their predecessors and offer superior capacity. But the main players in the chemical and battery industries have announced the formation of a consortium called the National Alliance for Advanced Transportation Battery Cell Manufacture. They call themselves "The Alliance" for short.
If the alliance has its way, 1 to 5 billion dollars of American tax money will be funelled into developing batteries for hybrid and electric cars seen as so critical to developing national independence from oil imports. Achieving this goal through an alliance should speed up the process, mitigate risks, generate tax benefits and ultimately remind the world that the locus of technological and economic might has not really shifted East yet.