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Too soon. I believe China's plan is to cripple Western chip production, but first they need to establish proper domestical chip production so TSMC suddenly going boom isn't going to cause them economic and technology devastation
EDIT: I remember reading something about TSMC having built in a kill-switch in case of an occupation
I also believe people underestimate the consequences of this war. TSMC produces 70% of the world's chips. We already have shortages. All of the world would feel it much more than Ukraine war.
Let's add some depth here though. Taiwan/ROC (the country with the demcratic government) produces a majority f the high complexity computer chips, but China/PRC (the Unitary Communist country) produces the majority of low complexity chips, and does not produce any sgnficant quantity oh high complexity chips.
That said, as the Americans trued to squeeze the PRC on the chips topc, they have moved to being much more self-sustained on chips, and im the near future will not be iverly impacted if ROC chip production goes haywire. The PRC have made it their strategc goal to no longer be bullied on Petroleum, nor Technology, and are dumping money into operations to support that strategy.
When the PRC sees the right circumstances they will assume control of the ROC islands, regardless of TSMC self-destructs.
multiparty elections doesnt mean democracy. Single communist party led state doesnt mean totalitarian
Ahh yes, the communist capitalist socialist party of China's Republic.
The siuation for the rest of the world is the same either way.
China (and allies eg. Russia) get chips and the rest of the world (eg. Ukraine) have to live whith whatever taiwanese refugees can ramp up over decades in which country they decide is safe enough to flee to
Korea, Japan and the US all produce a good number of chips as well. There are also some other fabs in other countries.