Right now the world is dependent on Taiwan for silicon semiconductors called chips, which give devices like iPhones their functionality. This reliance has the U.S. and China both racing for technological independence. #China+ #ChipShortage #BloombergQuicktake -------- Like this video? Subscribe: null Become a Quicktake Member for exclusive perks: null QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello World, Giant Leap, Storylines, and the series powering CityLab, Bloomberg Businessweek, Bloomberg Green, and much more. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel QuickTake News for breaking global news and insight in an instant.