295 | Chris Miller: The Chip War and the Fight for the World's Most Critical Technology
The Realignment
00:00
The Lack of Leaders
The number of chips that were produced in 2020 grew by 8% and in 2021 a group by double digit rates we had more chips each. The demand for chips is growing really tremendously, not just due to the fact we're buying more stuff with chips in it, but the stuff we buy also have more tips in it. Right now, Taiwan produces around one third of the overall computing power we add each year. And so rebuilding that capacity would just be a hugely complicated, time consuming and expensive process. That the cost we measured in the trillions of dollars once you consider the knock on effects of all the other products that would be delayed or impossible to produce.
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