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 Superpowers in global chip war infographic
Graphic charts investment in silicon chip production by various countries.


The superpower battle for semiconductor supremacy

By Ninian Carter

May 13, 2024 - A global technology war is heating up as superpowers funnel billions of dollars into developing the next generation of semiconductors – intensifying a showdown with China for chip supremacy.

Global superpowers, led by the U.S. and EU, are facing off in a technological war for semiconductors supremacy, intensifying a multi-billion dollar showdown with China.

What began as fears over China’s advances in key technological areas during the Covid-19 pandemic and subsequent global chip shortage, has ballooned into a full-on war for economic security.

The first tranche of investment, around $81 billion, is already in play from the U.S., Germany, France, Netherlands, Japan and India.

In total, around $380 billion is pledged by the above countries plus China, South Korea, European Union, Taiwan, Spain, Italy and UK, as nations fight for control of the escalating demand for devices powered by AI and quantum computing.

The surge in spending is seen as a critical turning point in U.S.-China rivalry and could shape the future global economy.

PUBLISHED: 13/05/2024; STORY: Graphic News