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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
What about Intel?
"They do a great job, they have a wonderful ecosystem, but in terms of risk management, I do not know whether it is 30%, 40%, 50% of our needs, we have got to bring back to the U.S. or our allies, whether it is Japan or the Middle East, and we are working on that every day." Bessent emphasized the sheer concentration of such a vital industry in one geographic area presents a dangerous scenario: if Taiwan's fabs were forced to stop — whether due to geopolitical tensions or natural disasters — the ripple effects would severely impact the global economy and technological infrastructure. While Bessent's comments highlight a growing awareness in the Trump administration that modern economies are critically dependent on a narrow segment of the global supply chain and the fact that TSMC is now the world's biggest advanced logic chipmaker, forgetting Intel, which produces its most advanced chips in the U.S., and Samsung, which operates in America and South Korea, perhaps shows that the current U.S. government may miss the whole picture.
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