The Race for AI Chips: Why Semiconductors Are the New Oil ?

In the 20th century, nations went to war over oil. In the 21st, the world’s next great resource conflict may be fought not over barrels of crude, but over nanometers of silicon

In the 20th century, nations went to war over oil. In the 21st, the world’s next great resource conflict may be fought not over barrels of crude, but over nanometers of silicon

Introduction Nearly 60% of global foreign exchange reserves are still held in U.S. dollars, making it by far the world’s most dominant currency. Yet this share has been steadily declining for the past two decades, down from over 70% at…