War With China Over Taiwan Could Ruin The Global Economy

If Taiwan’s semiconductor industry were disrupted by military conflict, it would set the global economy back at least 20 years, according to Miin Wu, founder of the Taiwanese chipmaker Macronix.Annabelle Chih / Getty Images file  

NBC: Why war with China over Taiwan could ruin the global economy  

Taiwan makes the world’s most advanced memory chips — the brains inside every piece of technology from smartphones and modern cars to artificial intelligence and fighter jets. 

HSINCHU, Taiwan — A military conflict over Taiwan would set the global economy back decades because of the crippling disruption to the supply chain of crucial semiconductors, according to the head of one of the island’s leading makers of microchips. 

Taiwan, a self-ruling democracy about 100 miles off China, makes the world’s most advanced microchips — the brains inside every piece of technology from smartphones and modern cars to artificial intelligence and fighter jets. 

China claims Taiwan as its territory and has said it would be prepared to use force to take control of the island, although it has not laid out any timeline for doing so. Officially, the U.S. discourages conflict but takes a neutral stance, although President Joe Biden has repeatedly suggested he would step in to defend Taiwan.

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WNU Editor: I concur with Miin Wu, founder of the Taiwanese chip-maker Macronix, that a Taiwan war will set back the global economy by a decade or two.