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384 pages, Hardcover
First published March 18, 2025
As American companies prospered by designing and branding chips, TSMC steadily grew its market share, so that by the 2020s, much of the world's semiconductor production took place near Hsinchu in Taiwan, a seismically active region in perhaps the most geopolitically disputed territory on earth. Oops!
Watching the American state struggle to contain COVID, and then flounder trying to smooth out the kinks in the supply chains of the West Coast, proved how much our government has been hollowed out. The actual capacity of the American state to do anything but pump dollars through the financial system is a big question.