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35 points

The vast, vast majority of chips produced are “old generation” chips used for relatively mundane purposes. The high-tech stuff you see in the news is a minority (though it’s pricey enough that it doesn’t look that way in company earnings reports).

Think power supplies, middle-of-the-road CPUs, ASICs for common I/O like USB and ethernet, timing devices, and wireless communication modules.

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-29 points

And that’s mostly the “bullshit IoT” category. It’s not like the demand for phones and laptops exploded in the last years, it’s IoT, AI and other useless crap - regardless of the process node.

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20 points

Even a non-IoT electronic device still runs on many different chips.

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2 points
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Exactly, such as:

  • medical devices
  • electrical distribution
  • internet providers

Basically, if it does something useful, there’s probably a ton of chips involved.

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