Thursday, February 01, 2024

Our Foolish World

 "The iPhone 12 runs on a chip with 11.8 billion transistors etched into its silicon. Only one company in the world can make that chip. That company relies, in turn, on machines and materials that are also made only by singular firms. Those machines and materials rely on similarly complex and fragile supply chains. If any node in this supply chain breaks, so too will much of the global economy break. If a country or alliance of countries can control these advanced supply chains, locking others out, they will have a powerful advantage in both war and commerce."

Ezra Klein summarizing a point made in the book Chip Wars by Chris Miller

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