News Headlines
Any Chinese Attack On Taiwan Poses Greater Threat To Global Trade Flows Than Ukraine War As It Will Cause Huge Semiconductor Shortage: Taiwanese Official
TSMC fabrication unit
Any potential Chinese military attack on Taiwan would have a greater impact on global trade flows than the Ukraine war, a senior Taiwanese Minister John Deng warned on Tuesday (Jun 15).
Deng, who is also Taiwan’s top trade negotiator, said that a Chinese military invasion will lead to a shortage of semiconductors,
The ongoing Russia-Ukraine war has triggered commodity price hikes and food export bans.
In case China decides to launch a full-scale attack on Taiwan, the potential disruptions could be worse, Deng said, citing the world’s dependence on Taiwan for chips used in electric vehicles and mobile phones.
“The disruption to international supply chains, disruption on the international economic order, and the chance to grow would be much, much [more] significant than this one,” Deng said in an interview to Reuters on the sidelines of a WTO ministerial conference in Geneva, Switzerland.
“There would be a worldwide shortage of supply,” Deng said.
Taiwan dominates the world's semiconductor manufacturing industry – controlling 48 per cent of the foundry market and 61 per cent of the world's capacity to build at 16nm or better. Taiwanese semiconductor exports were worth $118 billion in 2021
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
