The cell phone is a technology that meshed perfectly with public demand. People like to talk, and cell phones let them do it from anywhere.

It's not unheard of, in certain developing countries, for people to pay up to 20 percent of their yearly income in order to have a cell phone.

It is enough to cause a pause.

TSMC is ahead in terms of technology and know-how. For the higher-quality and more technologically advanced chips, not all foundries can do that.

Technology is also damping upward price pressures through its effect on international trade,

Technology and the Economy.