Imagine if video games' audio/video just stopped improving past the SNES. Imagine if we decided that 56k dialup was good enough. Imagine if we stopped improving cell phone cameras past the iPhone 3G. These things seem pretty low quality now because we've incrementally built so many better things in the interim. The unleaded gasoline of today is going to be as absurd as the leaded gasoline of yesterday within many our lifetimes. But we can't make big leaps without the interim nudges forward - the N64, the DOCSIS cable modem, modern phone cameras, hybrid vehicles. To do those, we need better microchips.
We also need more of them. Just because the richest areas of the world have theirs doesn't mean the less-well-off areas need to be shut out because they didn't get in on time.