Why Chip Manufacturing Is at the Center of Great Power Tension

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 15 October 2022

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Circle and FTX US. On this episode, NLW provides a 101-style primer on chip manufacturing and why it has become a key geopolitical concern for the U.S. and China, especially over the last few years. - Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Andrea Nicolini/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.0	The breakdown is sponsored by nexo.io, Circle, and FtX, and produced and distributed by CoinDesk.
0:22.8	What's going on, guys? It is Saturday, October 15th, and that means it's time for the weekly
0:27.3	recap. Now, one quick note before we get into that, there are two ways to listen to the
0:31.8	Breakdown Podcast. You can listen on the Coin Desk Podcast Network feed, which comes out in the
0:36.1	afternoon and features other great Coin Desk shows alongside the breakdown, or you can listen on the Coin Desk Podcast Network feed, which comes out in the afternoon and features other great Coin Desk shows alongside the breakdown, or you can listen on the breakdown-only feed,
0:41.1	which comes out a few hours later in the evening.
0:43.3	Wherever you listen, I would so appreciate it if you would take the time to leave a five-star
0:46.7	rating or review.
0:47.8	It makes a huge difference, and I really appreciate it.
0:50.3	Also, a disclosure, as always, in addition to them being a sponsor, I also work with FTX.
0:55.2	As you can probably hear, I am just a podcast or two away from completely losing my voice.
1:01.1	Preschool has begun again, which means that I don't get to be not sick for the next nine months or so.
1:06.4	Today, we're going a little bit deeper on a topic that has been in and around the news.
1:11.5	It's one that absolutely fits the label of big picture power shifts in that there are technology power shift
1:16.6	dimensions, economic power shift dimensions, and certainly geopolitical power shift dimensions.
1:22.5	And that is the shifting sands around chips, the little pieces of silicon that enable virtually
1:27.1	everything around us
1:28.2	at this point, and whose production has become a flashpoint for our changing understanding of global
1:32.9	power. So what we're going to do today is a very primer-1-1-level look at the topic. If this is something
1:39.7	that you're already familiar with, I apologize for all the details I inevitably leave out.
	...

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