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Overview of Semiconductor Industry and Trends

Feb 21, 2025

Semiconductor Research and Industry Overview

Introduction

  • Speaker: Chris Miller, Professor at the Fletcher School and author of "Chip War."
  • Initial misconception: Chips are easy to make; nuclear bombs are hard to make.
  • Reality: Nuclear weapon technology has not improved significantly since the 1960s, while chip manufacturing is complex and requires advanced techniques.

Importance of Chips

  • Chips are ubiquitous and essential in technology (phones, computers, AI).
  • Definition of a chip: A piece of silicon containing thousands to billions of transistors.
  • Transistors function by flipping circuits on or off to produce binary data (1s and 0s).

Historical Context

  • Before Transistors: Vacuum tubes were used, which were inefficient and attracted moths.
  • Transistor Invention: Made by William Shockley, John Bardeen, and Walter Bratton at Bell Labs in the 1940s.
  • First Chips: Invented by Texas Instruments and Fairchild Semiconductor; allowed multiple transistors to be integrated onto a single semiconductor material.

Growth of the Chip Industry

  • Initial chips were for US government applications (space and defense).
  • Key Companies: Intel founded in 1969; focused on personal computer chips.
  • Gordon Moore's Law: Predicts the doubling of transistors per chip roughly every two years, leading to increased computing power.
    • Empirical support since the 1960s.
    • Comparison: If airplane speeds doubled as chips do, we'd exceed the speed of light.

Manufacturing Complexity

  • Modern chips are manufactured at the nanometer scale, smaller than bacteria and viruses.
  • Fab Facilities: These facilities have specialized machines costing $350 million each, employing highly precise technology.
  • Computing power has proliferated into everyday devices (e.g., dishwashers, refrigerators, cars).

Globalization of the Chip Industry

  • The chip industry relies on a global supply chain for materials, technology, and manufacturing.
  • Example: Smartphone chips are made in Taiwan but use materials and technologies from various countries (US, Japan, Netherlands).

Pandemic Effects on Chip Supply

  • Pandemic caused disruption in supply and demand dynamics.
  • Increased demand for personal electronics and reduced demand for cars led to chip shortages.
  • Chip shortages affected many industries, particularly automakers, leading to significant financial losses.

Taiwan Semiconductor Manufacturing Company (TSMC)

  • TSMC produces 90% of advanced processor chips globally.
  • Founded by Morris Chang in 1987, focused solely on manufacturing chips.
  • Major clients include Apple, Nvidia, Qualcomm, and AMD; critical for the global tech economy.

Geopolitical Risks

  • China and Taiwan's tensions pose risks to global chip supply.
  • Disruptions in Taiwan could have catastrophic impacts on global economies.
  • US-China competition sees chips as central to technological supremacy.
    • US limiting AI chip sales to China to maintain an advantage.

AI Investment and Future Trends

  • Explosion of AI investments post-ChatGPT release; firms are investing billions in infrastructure.
  • Increased computing power needed for training AI systems leads to high chip demand.
  • Cost Reduction: Driving down AI deployment costs is crucial for widespread use.
  • Companies (e.g., Facebook, Microsoft, Google) are designing specialized chips for specific workloads.

Conclusion

  • Moore's Law is expected to continue, leading to even better and cheaper chips.
  • Anticipate significant increases in the number of chips in devices and their applications in various industries.