Chip War: The Best Economics Book Of 2022 And Lessons For India – Swarajya

by | Dec 24, 2022 | Financial

Chip War: The Fight For The World’s Most Critical Technology. Chris Miller. Simon & Schuster Ltd. 2022. Pages 464. Rs 1,786.Almost three years after the pandemic, where lies the biggest calamity?Chris Miller answers this question in what can be easily labelled as the best non-fiction book of the year 2022.In his book, Miller documents the history of semiconductors, and how the pandemic ushered a geopolitical storm around the established supply chains.In a year when many big economies, including India, have been wanting to get on the chipmaking bandwagon, this book serves as an incredible primer of the new trade war that engulfs the global economy. Simultaneously, the book, across chapters, has several lessons for aspiring chip production economies. The Government of India with an outlay of Rs. 76,000 crore under the Production Linked Incentive Scheme (PLI) is aping Japan, Taiwan, and South Korea which not only promised government investment in the early years for chip making plants but also ushered lending from banks. Further, partnerships were forged with global companies, and engineers working in other countries were asked to return. However, as was the case more than three decades ago, chipmaking is more to do with diplomacy than technology. In the early years, Taiwan and South Korea were playing foreign firms against each other, and then the Ja …

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