According to the Semiconductor Industry Association, the U.S. accounts for just 12% of global semiconductor production capacity, with more than 80% of that capacity in Asia. If not, it risks giving China the know-how, which they will replicate, commoditize, and then surpass the U.S. in chip manufacturing and design. We urge you to work with us to address the global semiconductor shortage,” the senators wrote. Taiwan and South Korea are the “new OPEC”, with China building and being the demand driver. Bottlenecks to global growth will revolve around Taiwan and South Korea chip manufacturing.

Source: Forbes February 07, 2021 13:30 UTC