Australia depends on foreign-controlled microchip technology, exposing us to considerable defence and economic risks—semiconductors are vital to a modern economy such as Australia's.
- Taiwan manufactures around 60% of the world’s semiconductors and 90% of advanced chips.
- A national semiconductor plan costing around one and a half billion dollars could create $five billion in manufacturing activity.
- The US and the EU subsidise semiconductor sectors.
- Internationally ‘managed trade’ and pragmatic techno-nationalism can result in a chip shortage.
- The Australian National Fabrication Facility could support a chip manufacturing industry.
Source Information: the Strategist