PREP 4 UPSC
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#Economy #Chip #Semiconductor

The author advocates that in current time, the fate of nations depends on infinitesimally small piece of silicon(
chips), which can devastate and shape our lives in myriad ways. He argued his point with 3 examples viz. Apple success, Russia-Ukraine war and Toyota temporary shutdown. All 3 related to the powerful tiny chips.

Semiconductors are the thumbnail-sized building blocks of almost every modern electronic device from smartphones to connected devices in the Internet of Things (IoT). They help give computational power to devices.

The
chip-making industry is a highly-concentrated one, with the big players being Taiwan, South Korea and the U.S. among others. In fact, 90% of 5nm chips are mass-produced in Taiwan, by the Taiwan Semiconductor Manufacturing Company (TSMC).

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