I understand that highly integrated semiconductors enable physically diminutive devices. Microcontrollers with CPU, RAM, flash, power supply, a wide assortment of peripherals, all on a single piece of silicon are available for very cheap.
Why do our devices like laptops and phones still use multiple chips and so many passive components?
I understand capacitors and inductors are expensive to implement on silicon, then why not a single chip plus a bunch of those passives?