Commentary Who controls the past controls the future, we’re told. No, who controls the semiconductors controls the future. The U.S. government knows this, and so does the Chinese Communist Party (CCP). The battle for semiconductor primacy is very much on. Who will emerge victorious? More importantly, who will control the future? The importance of semiconductors cannot be emphasized enough. Without them, no microchips; without those microchips, no cell phones; no Zoom calls (perhaps a blessing); no mobile banking; no online food orders; no Amazon deliveries. Domestic appliances like microwaves and washing machines require chips to function. Without the necessary chips, there would be no cars, buses, trains, or planes. No GPS, and no Wi-Fi. In short, no life. A semiconductor arms race is in full swing, with China and the United States engaged in an existential battle. On Nov. 15, President Joe Biden signed the Secure Equipment Act into effect. The new law …
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