> Losing even 10% of the worlds cutting edge chip production would be utterly devastating. The alternative is losing ~80% of all global chip production on TW,

> Losing even 10% of the worlds cutting edge chip production would be utterly devastating. The alternative is losing ~80% of all global chip production on TW, JP, SKR soil if US decides to fight PRC over TW. That's the leverage PRC has in war scenario. Losing leading node is survivable, losing east Asian fab sets globe back decades, and hurts US/western tech industry the most. A fundemental shift in region is US can't deter PRC over TW anymore. And as much as TW is viewed favourably, no one has committed to TW defense and US tried recruiting hard. Even US itself won't give TW security guarantee, and if you follow policy space, strategic thinking has shifted away from TW defense to TW armorer and blockading PRC past 1st island chain - increasing consensus and acknowledgement that TW is simply not defensible. Ultimately, no one wants to goto war and US can't deter PRC. So we have US and other blocs trying to maintain status quo for 10/15/20 years while shifting risk off TW sufficiently to mitigate esclation towards regional semi mutually assured destruction, a crisis much larger than just losing TSMC. Is this good for TW security? IMO it's not.