In recent days, the world has focused its attention on the escalation of the conflict between China and Taiwan. If we talk about economic interests, then Taiwan is the world leader in the production of semiconductors (microprocessors). And this is the main economic reason why China risks “falling out” with the US, which accounts for the lion’s share of its exports (depending on the year, up to 80% in monetary terms).
In particular, the leader in this market is TSMC (Taiwan Semiconductor Manufacturing Company), a company that is engaged in the study and production of semiconductor products. In doing so, TSMC has developed a large number of forward-thinking technologies, manufacturing processes, design tools, and standard architectures.
Of course, Taiwan may be interesting in other economic aspects as well. For example, a high level of foreign investment, including from the United States, as well as a developed industry and agriculture, etc. But all causes pale in comparison to semiconductors.
Recall that China considers Taiwan its territory, conducts “military exercises” in the region, and also openly threatens the United States against the background of the visit of Nancy Pelosi, speaker of the House of Representatives, to Taiwan.
Stock markets reacted negatively to the visit of the speaker of the US House of Representatives Nancy Pelosi to Taiwan and the resulting geopolitical tension between the US and China.