Often war is only between two countries. But it affects not only those countries, but also the economic health of other countries. Taiwan is a major supplier of semiconductors all over the world. The world’s largest companies buy semiconductors from Taiwan. But if China attacks Taiwan, then the world will be in turmoil because the crisis on mobiles, laptops, auto mobiles will deepen and thousands of companies around the world will reach the verge of closure.
US House Speaker Nancy Pelosi may have left Taiwan but the visit has cast a spotlight once again on the island’s critical role in the global chip supply chain and in particular on the world’s biggest chipmaker, Taiwan Semiconductor Manufacturing Co.
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