Semiconductors, or chips, have an incredibly global, complex and intricate production process. The supply chain is spread across the world. As governments focus on boosting their own domestic chip industry, CNBC looks at why no single country can own the chip supply chain. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. 0:00 - Sponsor 0:30 - Welcome 03:08 - Stat of the week 03:21 - How are semiconductors produced? 05:08 - The history of chips 06:39 - The microchip supply chain 12:49 - Who are the big manufacturers? 13:19 - Is there room for more competition in the market? 14:16 - The rise and fall of Intel 15:48 - Why are countries competing in this market? 19:08 - How the U.S. is competing on chips 24:46 - Where does this leave China? 27:57 - Stat of the week reveal