
Chris Miller, "Chip War"
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What Happens if There's Military Conflict in the Taiwan Strait?
Taiwan produces 90% of the most advanced processor chips in the world. 35% of all new computing power each year is produced on Taiwan. Semiconductor shortage globally caused hundreds of billions of dollars in damage across the global economy for the auto industry alone. The impact would be dramatic, far worse than the economic impact globally of the Russia-Ukraine war this year.
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