U.S. Treasury Secretary calls Taiwan ‘world’s biggest single point of failure’: Lion’s share of advanced chips are made in Taiwan

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This week, U.S. Treasury Secretary Scott Bessent warned about the over-reliance of global high-tech industry on Taiwan, calling the nation ‘world’s biggest single point of failure’ as the lion’s share of the most advanced processors are made in Taiwan, he told Fox Business (via SemiVision). He urged urgent action to distribute chip production across multiple friendly regions to avoid a catastrophic collapse if disruptions occur. However, in his rhetoric Bessent seems to forget about Intel.

“The single…



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U.S. Treasury Secretary calls Taiwan ‘world’s biggest single point of failure’: Lion’s share of advanced chips are made in Taiwan



This week, U.S. Treasury Secretary Scott Bessent warned about the over-reliance of global high-tech industry on Taiwan, calling the nation ‘world’s biggest single point of failure’ as the lion’s share of the most advanced processors are made in Taiwan, he told Fox Business (via SemiVision). He urged urgent action to distribute chip production across multiple friendly regions to avoid a catastrophic collapse if disruptions occur. However, in his rhetoric Bessent seems to forget about Intel.

“The single…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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