Governments are pouring money into semiconductor development. Since 2022, the US, Europe, and China have each pledged upwards of $40B toward the effort.
There are multiple reasons behind the swelling tide. For one, chips are an integral — and growing — component of devices across sectors, from consumer products to automotive to industrial IoT.
Geopolitics also play a major role. Many countries want to ensure self-sufficiency in an industry they see as being foundational to economic growth and national security.
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