Semiconductor

92% of advanced chips are made in Taiwan by TSMC. This geographic concentration wasn't planned—it's modern civilization's single greatest vulnerability.

The 2021 chip shortage cost automakers $210 billion. That was a 6% supply dip. What happens when Taiwan's fabs go dark? The cascade is incomprehensible.

Intel and TSMC are spending billions on US fabs, but money cannot buy semiconductor sovereignty. The tacit knowledge gap takes a decade to close.

In 2022, the US banned advanced chip exports to China—economic warfare without bullets. With $150B retaliation and allies scrambling, who actually wins?

One Dutch company holds a global monopoly on the machines that make advanced chips. No ASML, no AI, no smartphones. Here is how they built the impossible.