The Japanese town that’s ground zero in the US-China chip war

News Snapshot:

The push, which has infuriated China, includes more production outside of Taiwan, which makes over 90 per cent of the world’s most advanced semiconductors, and which China regards as part of its territory. Kikuyo officials say TSMC’s investment is 1 trillion yen ($10.2 billion), but the economic ripple effect of the concentration of semiconductor-related industries in the Japanese region is expected to hit 6.85 trillion yen ($69.6 billion) over the next decade. An influx of foreign capital at this speed and scale is rare in modern-day Japan, which never bounced back when its economic bubble burst in the early 1990s....