Taiwan Dominance Threatens Global Chip Supply

China's stance toward Taiwan and recent military activity have highlighted risks to Taiwan's chip industry, which supplied about 90% of leading-edge manufacturing in 2024 and is dominated by TSMC. Officials and reports, including Davos remarks and a 2022 Semiconductor Industry Association study, warn a blockade or factory loss could cut U.S. output roughly 11%, prompting calls for onshore fabs and coordinated industry action.