Ten to fifteen years ago, the industry was largely driven by PC cycles and iPhone cycles

to be honest with you.

But now, like we said, they go into everything.

I mean, is demand for the cloud going to go away?

I don't think so.

I'm Chris Hill and that's Motley Fool's Senior Analyst John Ratanti.

He joined fellow analyst Jason Moser for an introduction to semiconductors.

Computers, cars and whatever you're using right now to listen to this podcast need them to

function.

So, they're kind of an important building block for our economy.

Today, John and Jason discuss companies in the semiconductor value chain, the industry's

risks, and one important chip maker that's cheaper than the S&P 500.

Let's go ahead and start from the very beginning.

So important to the economy now.

Thanks Jason.

One of my favorite things to talk about.

So, semiconductors are the brains of all electronic devices.

They partially or semi-conduct currents and they are largely made of silicon, which is made

from sand, like beach sand.

They vary in sizes, but most of them are, you can think about the size of your thumbnail

or a postage stamp.

And these very small devices are packed with, in some cases, tens of billions of transistors.

...