Today, most of the world's semiconductor manufacturing comes from TSMC, which has spent years expanding its operations in Taiwan as a hedge against Chinese aggression. The world needs TSMC, which helps to keep the CCP's "one China" rhetoric just that—rhetoric.

Semiconductor business between Taiwan and the United States is a "win-win" model for both sides given the high level of complementarity, the island's economy ministry said on Tuesday responding to tariff threats from U.