Only in the past two years has the U.S. fully grasped that semiconductors are now as central to modern economies as oil.
In the digitizing world, power tools commonly come with Bluetooth chips that track their locations. Appliances have added chips to manage electricity use. In 2021, the average car contained about 1,200 chips worth $600, twice as many as in 2010.
Source: https://www.wsj.com/articles/chips-semiconductors-manufacturing-china-taiwan-11673650917?siteid=yhoof2&yptr=yahoo