Higher energy prices were partly caused by Russian policy: first the Kremlin’s decision to limit gas exports to Europe last fall, then pre-war tensions that drove prices even higher. Moreover, the price of Russia’s key export goods - oil and natural gas - increased substantially in late 2021 and the first part of this year. 24, Russia continued to recover from the scars of the pandemic, which (thanks to a policy that prioritized fewer restrictions and more deaths) was less economically costly than in many neighboring countries. Before President Vladimir Putin ordered his troops to attack on Feb. Illuminating, timely, and fascinating, Chip War shows that, to make sense of the current state of politics, economics, and technology, we must first understand the vital role played by chips.If it weren’t for the war and the sanctions that followed, 2022 would have been a banner year for Russia’s economy. But lately, America has let key components of the chip-building process slip out of its grasp, leading to a worldwide chip shortage and a new war brewing with a superpower adversary that is desperate to bridge the gap. At stake is America’s military superiority and economic prosperity.Įconomic historian Chris Miller explains how the technology works and why it’s so important, recounting the fascinating events that led to the United States perfecting the chip design, and to America’s victory in the Cold War by using faster chips to render the Soviet Union’s arsenal of precision-guided weapons obsolete. Now, as Chip War reveals, China, which spends more on chips than any other product, is pouring billions into a chip-building initiative to catch up to the US.
Until recently, America designed and built the fastest chips and maintained its lead as the number one superpower, but America’s edge is in danger of slipping, undermined by players in Taiwan, Korea, and Europe taking over manufacturing.
Virtually everything-from missiles to microwaves-runs on chips, including cars, smartphones, the stock market, even the electric grid. Today, military, economic, and geopolitical power are built on a foundation of computer chips. You may be surprised to learn that microchips are the new oil-the scarce resource on which the modern world depends. An epic account of the decades-long battle to control what has emerged as the world’s most critical resource-microchip technology-with the United States and China increasingly in conflict.
0 kommentar(er)
