The whole of today’s world is powered by microchips. Underpinning every modern advancement from warplanes to smartphones, from refrigerators to the stock market are computer chips. Until not too long ago, USA maintained an unassailable lead in the microchip world, cementing its status as the #1 super power.
But that lead is slowly slipping, with inroads being made by Taiwan, Europe, South Korea, and most importantly, China. Due to a series of embargoes and strict control of the manufacturing technologies, the OECD countries have managed to keep China behind in the race. But China is pouring billions into the effort to catch up; at stake is the military and economic advantage enjoyed by USA and its allies.
Chris Miller tells the story of how microchips evolved into the critical resource which has almost supplanted oil as the economic weapon. The deep research and engaging storytelling make this a wonderful read. Strongly recommend.