The semiconductors’ industry has prominently risen given the increased application of smart chips in electronics. Semiconductor chips power the basic electronics that people use every day such as smartphones, laptops, and cars. At their standard price, a single chip may cost as much as $10 cents. However, this single chip, as the most vital component of a circuit board, can impact the production of a whole industry.

Despite the fact that there are more than two years left until the presidential election in the United States, the discussion about the potential candidates of both parties warms observers of American politics. On the part of the Democrats, the incumbent president, Joe Biden, is announcing a battle for re-election. Everyone’s eyes, however, are on the other side of the political spectrum, where the position of Florida Governor Ron DeSantis is growing.

On June 24, 2022, a new initiative was launched to respond to the growing interference of the People’s Republic of China in the Pacific island region. China, trying to move the boundary of its influence further and further, wants not only to tighten economic and defense cooperation with small island states in the Pacific, but above all to tear them away from the protection of the United States. The leaders of the newly formed coalition, led by President Joe Biden, include the United States, Australia, Japan, New Zealand and the United Kingdom.