Chips Are the Recent Oil and America Is Spending Billions to Safeguard Its Supply

Only prior to now two years has the U.S. fully grasped that semiconductors at the moment are as central to modern economies as oil.

Within the digitizing world, power tools commonly include Bluetooth chips that track their locations. Appliances have added chips to administer electricity use. In 2021, the typical automobile contained about 1,200 chips value $600, twice as many as in 2010.

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