The Economics Show Who is winning the chip wars? With Chris Miller
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Aug 26, 2024 
In this discussion, Chris Miller, an associate professor at Tufts University and expert on the geopolitics of technology, dives into the intense chip wars between the US and China. He highlights government investments focused on onshoring semiconductor production to bolster national security. The conversation also explores the critical role Taiwan plays in the global supply chain and its implications for AI advancements. Furthermore, they discuss how upcoming elections could reshape semiconductor policy and the push for transparency in supply chains amidst geopolitical tensions.
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US Chip Position Declined
- The US chip position declined from an 8 to a 6 over five years due to China's rise as a strong competitor.
- The industry depends on a complex international supply chain extending from Taiwan to Japan, not just the US alone.
Military's Chip Access Concern
- US military worries mainly about losing high-end chip access, especially from Taiwan.
- These chips are crucial for AI systems that have both economic and military applications.
Taiwan's Chip Crisis Impact
- Losing Taiwan's chip production would disrupt smartphones, PCs, cars, and basic manufacturing worldwide.
- Taiwan produces 90% of high-end chips and massive volumes of lower-end chips causing supply chain disruption if lost.