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podcast about Benghazi. Nine times out of 10, they called me a masochist, rolled their eyes, or just asked,

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Hi, I'm Ravi Agrawal, Foreign Policy's editor-in-chief.

This is FP Live.

Welcome to the show.

Now, chips are everywhere, whether you call it a semiconductor, an integrated circuit, or anything else, those tiny microscopic pieces of silicon power and define our lives.

From smartphones to cars and washing machines, chips are the very foundation of the world as we know it. They are so critical to how modern societies function

that they and their entire supply chains have become the basis for geopolitical competition.

Unlike several other technologies, however,

the highest-end chips cannot just be produced by anyone. Taiwan's semiconductor manufacturing

company or TSM controls about 90% of the market for advanced chips, and it doesn't seem as

if any other company or country can catch up.

...