Luke and Paul talk to Chris Miller, academic, historian and author of Chip Wars: The fight for the world’s most critical technology, about the economic and geopolitical importance of semiconductors.

They discuss the technological and supply chain marvel that is the modern microchip, whether the US-China-Taiwan chip nexus is politically stabilising or destabilising, the impact of the CHIPS Act, and AI innovation as a driver of market performance and future great power competition.