Chip War

***Winner of the 2022 Financial Times Business Book of the Year Award*** ***Selected as one ofBarack Obamas Favourite Books of 2023***Pulse quickening. A nonfiction thriller - equal parts The China Syndromeand Mission ImpossibleNew York TimesAn epic account of the decades-long battle to control the worlds most critical resourcemicrochip technology Power in the modern world - military, economic, geopolitical - is built on a foundation of computer chips. America has maintained its lead as a superpower because it has dominated advances in computer chips and all the technology that chips have enabled. (Virtually everything runs on chips: cars, phones, the stock market, even the electric grid.) Now that edge is in danger of slipping, undermined by the nave assumption that globalising the chip industry and letting players in Taiwan, Korea and Europe take over manufacturing serves Americas interests. Currently, as Chip War reveals, China, which spends more on chips than any other product, is pouring billions into a chip-building Manhattan Project to catch up to the US. In Chip War economic historian Chris Miller recounts the fascinating sequence of events that led to the United States perfecting chip design, and how faster chips helped defeat the Soviet Union (by rendering the Russians' arsenal of precision-guided weapons obsolete). The battle to control this industry will shape our future.China spends more money importing chips than buying oil, and they are Chinas greatest external vulnerability as they are fundamentally reliant on foreign chips. But with 37 per cent of the global supply of chips being made in Taiwan, within easy range of Chinese missiles, the Wests fear is that a solution may be close at hand.A riveting history. Features vivid accounts and colourful characters Financial TimesFascinating A historian by training, Miller walks the reader through decades of semiconductor history a subject that comes to life thanks to [his] use of colorful anecdotes ForbesIndispensable Niall Ferguson