Despite all the warnings from China, US Parliament Speaker Nancy Pelosi's visit to Taiwan has stirred up global politics. On the one hand, China has announced to conduct maneuvers by encircling Taiwan's borders from Thursday, while America says that it is with it in every situation. Escalating tensions between the US and China have raised fears whether Taiwan could become the next Ukraine. If this happens, it will be a matter of concern not only for Taiwan but for the whole world and for you as well. The reason for this is the economy of Taiwan and its manufacturing hub.
In fact, Taiwan may be a small country in terms of area, but with a GDP of $ 600 billion, it contributes a lot to the world economy. Not only this, it is also the hub of manufacturing of semiconductors, which are said to be the most important for smartphones, cars and other electronic goods sold around the world. Recently, Mark Liu, chairperson of Taiwan Semiconductor Manufacturing Corporation, said that if China attacks Taiwan, then the world's most advanced chip factory will not be able to work. He said that because we are dependent on the global supply chain. So it will be difficult for us to work in the event of an attack.
Taiwan became the engine of world's growth in two decades
Mark Liu's statement is not only a concern for his company, but it is also like a warning to the whole world. Indeed, Taiwan has grown rapidly over the past two decades and is a leader in the production of semiconductor chips, electronics items and defense items. They are especially needed in all electronics products including mobiles, cars, TVs and they account for 50 percent of the production of semiconductors worldwide. From this we can understand that if there is an attack on Taiwan, then how heavy it will be for the world.
So there will be no winner, the whole world will be a loser
Mark Liu has reiterated the same point. He said that if Taiwan is attacked, there will be no winner but the whole world will be a loser. He said that the attack on Taiwan will deal a big blow to the economy of China, America and Western countries. Let us tell you that well-known tech companies like Apple, Microsoft are dependent on Taiwan for semiconductors. Even during the Corona period, when the supply of semiconductors from China was interrupted, it was Taiwan that continued to supply all over the world. It is clear that after the attack on Ukraine, a world craving for things like wheat may face a technical crisis.
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