The fate of the world economy may depend on what happens to a company most Americans have never heard of

Posted on AllSides October 22nd, 2022
From The Left
Ceng Shou Yi/NurPhoto via Getty Images

On a tiny island off the coast of China, one company manufactures a product used across the globe for countless household products as varied as PCs and washing machines.

And as that island — Taiwan — worries about the threat of a standoff between the US and China, the world's economy holds its breath. That's because there could be trillions of dollars' worth of economic activity tied to that one company: Taiwan Semiconductor Manufacturing Company, the world's biggest chipmaker.

Industry watchers say an escalating dispute between the US and China...

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https://www.businessinsider.com/tsmc-us-china-tensions-may-dictate-fate-of-global-economy-2022-10

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