High-tech industries, from car manufacturing to computer making, from telecommunications to robotics, are increasingly reliant on semiconductors. The relative scarcity of such components has been at the core of recent bottlenecks in global value chains. Moreover, the rising demand for semiconductors by key economic powers (namely, China, the EU, and the US) is triggering a geopolitical race for the leadership in the provision and the manufacturing of these crucial technologies.
Is the shortage of semiconductors going to be a temporary or a long-lasting issue? What benefits and risks might “chips” generate for the world economy as well as our daily lives? What are the international implications of the ongoing competition for the control of the production of these components?