"The Double-Edged Sword of Taiwan's Semiconductor Dominance"

An economist warns that Taiwan's heavy reliance on semiconductors, particularly its significant exports to China, could become a vulnerability if China achieves self-sufficiency in chip production. Efforts to contain China's chip technology have led to a surge in revenue for Chinese chip-equipment makers, potentially posing a threat to Taiwan's semiconductor industry. The economist suggests diversifying Taiwan's economy away from semiconductors, while Taiwanese firms like TSMC and Apple iPhone assembler Hon Hai are already seeking to diversify production away from China.