The confrontation between the US and China is multifaceted and spreads across various sectors, the economy, foreign policy and geostrategy. One of the most visible fields of direct conflict between the two superpowers is semiconductors, known as microchips. They may be tiny parts of modern devices, but they are what power everything from the microwave oven to the most sophisticated military weapons. The economic size of the industry is estimated at around $580 billion. But even this inconceivable size does not demonstrate the real weight they have in the world economy. Their use fuels technological products worth trillions of dollars, and if anyone ever imagined freezing their production, then we would be talking about a terrifying global blackout. The world’s largest producer A huge percentage of the world’s modern microchips (from 60% to 90%) is made in what many believe could be the next field of a global conflict: The reason for the […]
Source: News Beast
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