Trillion-Dollar Chip Wars: Inside the High-Stakes World of Global Semiconductor Production
Global semiconductor sales topped $600 billion in 2024, with TSMC holding 55% of the foundry market and Taiwan producing 92% of the world’s most advanced chips. ASML remains the only supplier of EUV lithography machines, each costing over $300 million. The 2021 chip shortage caused $210 billion in lost auto sales. U.S. and EU chip acts earmarked over $95 billion for domestic production.