In case China invades Taiwan, ASML and TSMC have a plan

An invasion of Taiwan by China is a hypothetical that we have discussed a few times over the years. One of the big concerns if not the biggest is that in such an event, China would seek to take control of TSMC, the world’s largest chip foundry and the company responsible for the manufacturing of every single Apple-designed chip. Overall, TSMC builds 92% of the cutting-edge chips used in the U.S. A Chinese take over of TSMC would devastate the U.S. economy Recently, U.S. Commerce Secretary Gina Raimondo said that should China take over TSMC, the U.S. economy would be…