A Chinese communist invasion of Taiwan would wreck the United States’ economy and military development due to the nation’s reliance on the island for its advanced semiconductors, according to a new report.
The report (pdf), published jointly by the U.S.-Taiwan Business Council and the Project 2049 Institute think tank, says that any disruption in access to Taiwan’s semiconductor industry could cause cascading and catastrophic effects for the U.S. economy and national security.
Such risks have only increased, it says, due to communist China’s growing military aggression against the island and its efforts to push the United States and Taiwan apart….