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US is Beating China in battle for chips.


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For more than a century the scramble for oil unleashed wars, forced unusual alliances and sparked diplomatic rows.

Now the world's two biggest economies are battling over another precious resource: semiconductors, the chips that literally power our daily life.

These tiny fragments of silicon are at the heart of a $500bn industry that is expected to double by 2030. And whoever controls the supply chains - a tangled network of companies and countries that make the chips - holds the key to being an unrivalled superpower.

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