The global semiconductor industry, also known as the “chip” industry, is projected to exceed $1 trillion by the end of the decade.
Analysts are concerned that the United States may face national security issues if it does not keep up with the demand for these chips. Some experts warn that America could be left behind because it contributes less than 10% of the world’s chip supply.
According to Dr. Chris Miller, author of The Chip War, if the U.S. wants to maintain its military edge against its rivals, it needs to develop the technology that will make this possible – specifically, the smartest and fastest chips needed for artificial intelligence.
“While this may not seem relevant to your bank account today or tomorrow, the reality is that our military edge is closely tied to our economic success,” Miller said.
In his book, Miller explains the interconnected web of chip manufacturing – how companies have risen to power and which countries now own their market share. Chips are mostly designed in the U.S., however, they are predominately manufactured in Taiwan which produces more than 90% of the world’s most sophisticated chips.
“And that’s why it’s more important than ever, that we make
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