Taiwan will keep its lead in semiconductors
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Significance TSMC has a market share of more than 50% in chip manufacturing, and makes the vast majority of cutting-edge chips. Securing chip supply is now an issue of national and economic security for the United States, China and other major countries, putting Taiwan's dominance into question. Impacts Chip shortages will not be solved until next year; all aspects of manufacturing will be affected. Most products only need lower-end chips and Chinese producers are likely to satisfy this demand by producing higher volumes. Companies will explore silicon alternatives and shift to cloud computing, where connecting devices can run on slower chips. Competition will intensify for talent necessary to run chip fabrication plants.
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