The geopolitics of chips: Chips in the USA
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 8 December 2024
⏱️ 29 minutes
🧾️ Download transcript
Summary
The next superpower will be a tech superpower, and to be that superpower you need to have some control over the semiconductor industry which is driving the AI revolution. But almost all advanced semiconductors are made in Taiwan — and it is under constant threat of a Chinese invasion. President Joe Biden’s Chips Act promises lavish subsidies to companies working to bring semiconductor manufacturing back to US soil. Will those subsidies survive once Donald Trump, the president-elect, is in the White House? In a new season of Tech Tonic the FT’s James Kynge, is in Phoenix, Arizona, the former heartland of American chip manufacturing. He speaks to those trying to revive the US chipmaking industry.
Presented by James Kynge. Edwin Lane is the senior producer. The producer is Josh Gabert-Doyon. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley. Special thanks to Tim Bradshaw.
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Transcript
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| 0:00.0 | We're Equinor, an energy company searching for better. |
| 0:03.0 | Currently, we supply 27% of the UK's gas, 15% of its oil, |
| 0:07.7 | and we're playing our part in the UK's energy transition. |
| 0:11.0 | Our wind farms power 750,000 homes, |
| 0:14.0 | and we expect that to grow to over 7 million. |
| 0:16.5 | Last year, we invested 20% of our global growth spend in renewables |
| 0:20.1 | and lower carbon solutions. |
| 0:22.0 | We plan to increase that to 50% by 2030. |
| 0:25.4 | We're an energy company searching for better. |
| 0:28.4 | Equinoor.com. |
| 0:29.3 | UK. |
| 0:31.5 | Most people buy four bedrooms. |
| 0:33.2 | Some people buy three bedroom. |
| 0:34.5 | Just how they're four bedroom? |
| 0:35.8 | One barrel here? |
| 0:37.0 | Another bedroom. Three bedroom? Three bedroom. One bearer here. Another bedroom. Three bedroom. |
| 0:38.3 | One bedroom. |
| 0:39.3 | One bathroom. |
| 0:40.3 | Real estate agent Jenny Holton is showing me around a bungalow on the outskirts of Phoenix in the US state of Arizona. |
| 0:50.3 | Okay, very popular for them. They like this kind of house. |
| 0:53.3 | Holton is Taiwanese American and she's just sold this house to a new Taiwanese arrival. |
| 1:01.0 | She's been selling a lot of houses like these recently. |
... |
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