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William Hague on Taiwan and the fight for the world’s most critical technology
May 26, 2024
Exploring the pivotal role of Taiwan in chip production for the tech sector, and the global competition between China and the US. Delving into the complex process of semiconductor manufacturing and the strategic importance of Taiwan. The potential economic implications of a crisis in Taiwan for global supply chains and the rivalry between the US and China in the chip industry.
25:55
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Quick takeaways
- Taiwan's dominance in chip manufacturing poses geopolitical risks due to global supply chain dependency.
- Potential disruptions in Taiwanese chip production could lead to catastrophic disruptions in global manufacturing and economies.
Deep dives
Importance of Chips in Modern Life
Chips play a vital role in modern life, being integral to various everyday devices like dishwashers, cars, airplanes, agricultural equipment, and even phones and computers. These silicon-based chips contain circuits that process data and drive technological advancements. The advancement of chip technology involves making circuits smaller to increase data processing capacity, with costs ranging from pennies to tens of thousands of dollars, depending on complexity.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode