US-China tensions have run high over Taiwan following Russia’s invasion of Ukraine. A top Chinese economist said that if the US imposes crippling sanctions on China, Beijing must retaliate by seizing Apple’s iPhone chip supplier in Taiwan. MSN
China spends more on microchips than crude oil Nikkei Asia
According to Technode, China imported $350 billion worth of semiconductors in 2020—more than the value of the crude oil it imported the same year, according to the country’s customs data. Importing semiconductors also accounts for the country’s largest categorical trade deficit, where the difference between what China imports and exports for this particular type of goods is the widest. Technode.com
Taiwan authorities raided ten Chinese companies suspected of illegally poaching chip engineers and other tech talent this week, the island’s Investigation Bureau said on Thursday, the latest crackdown on Chinese firms to protect its chip supremacy. Reuters
The “magic mountain that protects the nation”. The mountain is not a sophisticated defensive fortification, nor a treaty with a big power. It is instead what Taiwanese call their $147bn semiconductor industry, equivalent to 15% of gdp. The Economist
Taiwan Semiconductor Manufacturing Co.’s chips are everywhere, though most consumers don’t know it.
The company makes almost all of the world’s most sophisticated chips, and many of the simpler ones, too. They’re in billions of products with built-in electronics, including iPhones, personal computers and cars – all without any obvious sign they coame from TSMC. Wall Street Journal