The Looming Taiwan Chip Disaster That Silicon Valley Has Long Ignored

For years, U.S. officials have warned Silicon Valley about its heavy reliance on Taiwan for computer chips, as the island produces 90% of the world's high-end chips. The concern is that China, which views Taiwan as a breakaway territory, could blockade or invade the island, cutting off the chip supply and crippling the U.S. tech industry and global economy. Despite warnings and incentives from both the Trump and Biden administrations to increase domestic chip production, the tech industry has largely resisted shifting its supply chain. This inaction raises concerns, especially given China's recent military drills near Taiwan, prompting dire warnings from officials about the potential economic fallout of a disruption to Taiwan's chip production.

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