Business Post's View

Editorial: Ireland must be alert to risks as microchips become pawn between China and the west

Microchips are now one of our largest exports, with a value of €10.7bn last year, but this brings vulnerabilities to our economic security

The value of Irish microchip exports has gown nine-fold in seven years, from €1.2bn in 2015, to€10.7bn last year. Picture: Getty

Microchips have been the silent driving force of the technological revolution that has happened over the last 70 years.

They are now so fundamental to the functioning of modern societies that they have effectively become a commodity. A critical raw material without which the systems that power our economies would simply grind to a halt.

Ireland’s microchip industry can be traced back to the late 1970s, when Ray Stata, the founder of Analog Devices, took ...