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Silicon wafers have only been on the rise lately. The increasing demand for tech makes this base material of chips essential. Staging political tensions throughout the world does nothing more than increase the silicon prices, further continuing to this material shortage.
Some may think this could be an opportunity for Americans. After all, this country is one of the biggest silicon wafer producers worldwide. If navigated correctly, the USA could take advantage of the situation and leave stronger. But to achieve that, we must ask ourselves: who is buying American silicon?
The primary purchasers of American silicon wafers are major tech companies and semiconductor manufacturers. Prominent examples include Apple, IBM, and Intel, among others. These businesses create a variety of electronic products using silicon wafers, such as computers, servers, and smartphones.
Given that many of these major tech companies are also based in the United States, American silicon wafers tend to remain within the country, supporting domestic industries.
Unfortunately, an increase in silicon wafer prices would not necessarily lead to an increase in revenue for the United States. Instead, it would lead to growing prices in technology products. This could have a deep impact on the economy and the customer’s purchasing ability.
Still, we’re far from that.
Moreover, the government's investments in fostering the sector could grow America’s production capabilities. This could transform us from a big purchaser to a seller who can more easily navigate the current economic context.
Silicon may seem like a simple, common material, but it has become a fundamental part of our world. As prices grow due to increasing demands, ineffective supply chains, political tension, and even the bad management that the COVID-19 pandemic brought, we are forced to see how true this is.
Luckily, the American production is still alive and kicking. If you’re interested in learning more and acquiring silicon wafers, reach out to Wafer World!
