Daily Brief: US and Allies Chip In To Outpace China

8 days ago3:12 mins

Daily Brief: US and Allies Chip In To Outpace China

The US, Japan, South Korea, and Taiwan are forming chipmaking alliances in a bid to stay one step ahead of China.

What does this mean?

Chip shortages don’t refer to empty bags of Doritos – they’re what happens when clogged supply chains slow the distribution of oh-so-precious semiconductors or “chips”. The resulting scarcity has been a headache for loads of industries that need chips for their products. On top of that, tensions with China have raised the stakes. See, Taiwan is home to TSMC, the world's largest and most advanced chipmaker, and the US and its allies are terrified

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