Somewhat related - look at the largest companies in Taiwan - a large number of them are in the advanced electronics manufacturing space (Pegatron and TSMC for i

Somewhat related - look at the largest companies in Taiwan - a large number of them are in the advanced electronics manufacturing space (Pegatron and TSMC for instance). TSMC - Taiwan Semiconductor Manufacturing is arguably one of the most important companies in the world, manufacturing chips for Apple, Nvidia, AMD, Qualcomm and many more. The barrier to entry for semiconductor fabrication is so ridiculously high, not even Apple owns its own foundries. Intel has been struggling with 7nm processes (now delayed), while TSMC is already churning out chips using the newer EUV 5nm process for Apple’s upcoming ARM devices (including some iMac and Macbook models). The US recently struck a deal with TSMC, pressuring it to drop one of its largest Chinese customers (Huawei) in return for opening an advanced foundry in the US (a $12B dollar project with enormous tax breaks for TSMC). Due to its critical positioning in advanced electronics, I genuinely believe the US would get involved if China were to “mess with” Taiwan. A sobering realization is the increasing significance yet fragility of the global technology supply chain - something the pandemic recently exposed. There are geopolitical risks to the United States having a dependency on other nations for something as critical as semiconductors. It’s increasingly becoming a matter of national security. https://www.nytimes.com/2020/05/19/business/economy/china-taiwan-huawei-tsmc.html https://www.nytimes.com/2020/05/19/business/economy/china-ta...