The New York Times — Economy

The Looming Taiwan Chip Disaster That Silicon Valley Has Long Ignored

China’s growing threat to seize Taiwan has reignited U.S. fears over semiconductor supply chains. Taiwan manufactures roughly 90% of the world’s high‑end chips, feeding Apple, AMD, Qualcomm and AI data centers. Despite billions in Biden‑era grants and Trump‑era tariff threats, Silicon Valley remains largely dependent on Taiwanese fabs. Treasury Secretary Scott Bessent warned that a blockade would trigger an economic apocalypse, underscoring the single‑point‑of‑failure risk.