Losing advanced semiconductors is more than a market crash led by the tech majors. It would be the partial collapse of western industry and most of our way of life. Every single fragile tendril of modern infrastructure is run by a computer or microprocessor that has a 100% chance of using components from Taiwan or China. The second any of those controller components cannot be easily replaced, that system goes down for weeks, possibly months if not a year, before a suitable replacement can be conjured or re-engineered to use a different domestically produced system. We are talking power plants, water plants, sewer plants, any and every kind of factory, everything.
Next week:
“Beijing announces outlawing of ‘academic pub’ spaces in major metropolitan areas”