(Bloomberg) -- Developing-nation assets suffered their first back-to-back weekly loss since May, pulled lower by lingering concerns around the Chinese...
In his 2022 book, "Chip War: The Fight for the World's Most Critical Technology," author Chris Miller highlighted a crucial vulnerability in the global semiconductor supply chain, with significant implications for the U.S. as a modern superpower.He points out that a significant portion of the world's semiconductor manufacturing capability is concentrated outside the U.S.: 37% of the world's new computing power is produced by chips from Taiwan, 44% of global memory chips are produced by two Korean companies, and all of the world's extreme ultraviolet lithography machines, crucial for manufacturing...