Semiconductor Independence and the Failure of US Sanctions

Semiconductor Independence and the Failure of US Sanctions
An employee makes a chip at a Jiejie Microelectronics Company factory in Nantong, in eastern China's Jiangsu Province, on March 17, 2021. STR/AFP via Getty Images
John Mac Ghlionn
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Commentary
Unless you happen to live under a rock, you’re no doubt aware that the world is in the midst of an “everything” crisis. With global shortages of gas and grains, baby formula, and bananas, it’s time to add semiconductors to this ever-expanding, rather eclectic-sounding list. According to analysts at McKinsey, the semiconductor industry accounts for $450 billion dollars in direct annual revenues. To put that number in perspective, that’s almost the combined GDP of New Zealand and Finland. Semiconductors are the heartbeat of modern society; without them, no laptops, no phones, no health care, no military systems, no transportation. In other words, no life.
John Mac Ghlionn
John Mac Ghlionn
Author
John Mac Ghlionn is a researcher and essayist. He covers psychology and social relations, and has a keen interest in social dysfunction and media manipulation. His work has been published by the New York Post, The Sydney Morning Herald, Newsweek, National Review, and The Spectator US, among others.
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