Competition between the United States and China in semiconductor innovation and production dictates the future of technological supremacy. Integrated chips, or integrated circuits, are the brains of electronic devices, and American companies sell nearly half of the global supply. China is now racing to catch up in the production of these chips. Thus far, the primary production countries are the United States, Japan, South Korea, Taiwan, and increasingly, China. Beijing set up a $29 billion semiconductor fund in October 2019, and its most prominent company is Semiconductor Manufacturing International Corporation (SMIC). Since 2015, China has invested about $100 billion in the semiconductor industry. However, the U.S. is also dependent on chips from Taiwan and South Korea; therefore, neither Beijing nor Washington are self-reliant.