Chips are not like oil as commodities because oil is static (in the ground for millions of years) while chips must be constantly advanced and reinvented to show their value, requiring continuous investment in R&D to maintain technological leadership.
definitionpending
Speaker
Philip WongEvidence Quote
“Chips are not like oil because oil is static... chips you have to constantly advance the technology in order to show its value... chips have to be constantly reinvented”
Source
Silicon Triangle: The United States, Taiwan, China, And Global Semiconductor Security— Hoover InstitutionCreated: 8/12/2026, 6:09:35 PM
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