Geoeconomic Agenda #8 Semiconductors & the Economy of the Future with Chris Miller
Jul 4, 2023
Chris Miller, an Associate Professor at The Fletcher School and author of "Chip Wars," dives into the intricate world of semiconductors and their geopolitical significance. He discusses the historical U.S.-Japan chip war and the looming risks of a Taiwan invasion affecting supply chains. Export controls and the necessity for ongoing innovation in semiconductor technology take center stage. Miller also highlights the crucial role of talent development and the dominance of TSMC in manufacturing. A riveting look at how chips shape our economic future!
AI Snips
Chapters
Books
Transcript
Episode notes
Shift from Trade to Security Focus
- The 1980s U.S.-Japan chip war was primarily about trade disputes and market share.
- Today’s U.S.-China semiconductor conflict centers on national security and military concerns.
Taiwan's Semiconductor Choke Point
- Taiwan produces 92% of advanced semiconductors, creating a critical global dependency.
- Disruption in Taiwan's chip exports would cause unprecedented global manufacturing collapse.
Drivers of Semiconductor Policy Shifts
- Two main factors drive new semiconductor policies: concentration in Taiwan and China’s massive chip investments.
- China’s expenditure faces high financial risk with uncertain productive outcomes.
