Semiconductors: The New Oil

Semiconductors are fast becoming the oil of the 21st century. They are what allow us to get all the power and speed in things like smartphones, tablets, digital TVs, wireless communications infrastructure, network hardware, computers and many more devices which have smart capabilities. The supply chain for semiconductors is critical, similar to how the supply chain for oil was in the 20th century. Last Year US president Biden placed an embargo on the export of advanced semiconductor chips and equipment to China and so now there is in effect an arms race on semiconductors.