Chip Wars Part Two: The US Strikes First

This is bigger than you know

Photo by Onur Binay on Unsplash

First let’s start with a startling fact: China spends more importing semiconductors than it does buying oil. According to Laura He of CNN Business, that adds up to $444 billion or 16% of China’s total imports. These are astonishing numbers and there are massive implications we can draw from this.