Forbes July 17, 2024
Andreas Bubenzer-Paim is Head of Technology Banking at BMO. Overseeing the delivery of financial services to U.S. technology companies.
It’s become a truism in the technology industry that the world runs on software. It’s a good line, but the truth is that software couldn’t run without semiconductors.
Microchips really are everywhere: in your car, your TV, your refrigerator and any so-called “smart” device. Most chip manufacturing is concentrated in Asia; by some estimates, more than 90% of the most advanced chips are manufactured in Taiwan, and most of that is produced by a single company—Taiwan Semiconductor Manufacturing Company (TSMC). While the U.S. can claim to be the birthplace of the semiconductor, it currently accounts for only 12% of global chip...
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