Why US will never accept “One China principle”
He points to Taiwan's TSMC, the world's biggest chips manufacturer, that plans to invest $100 billion over the next three years to maintain its global dominance. The U.S., meanwhile, has fallen behind Asian chipmakers like TSMC and Samsung in advanced chip technology. Intel and other chipmakers heavily rely on TSMC for 5-nanometer chips—the world’s most efficient and most advanced—as the Taiwanese firm accounts for 92% of the globe’s supply, according to Capital Economics. It’d have to "spend much more, with no guarantee of success, just to get even in terms of technology," Kumar says. Intel has said it’s building new fab plants across Europe, Israel, and the U.S. at a cost of $44 billion to try to catch up.
Congress may soon vote on the CHIPS Act to fund more semiconductor plants in the U.S. Critics say the bill might not be able to achieve its goals.
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By capturing Taiwan, China would have major monopoly on world chip production (outside of South Korea). In a future (hot or cold) conflict with US, it can weaponize global chip supply and cause hundreds of billions in dollars in losses to US companies much and a global recession.
For this reason, Taiwan must remain “independent” at all costs in US interests.