If the chip production in Taiwan stops completely, the industry will need at least 5 years to recover

The meeting of top political leaders of China and the US was designed to ease tensions in the Taiwan issue.
A significant portion of semiconductor components are manufactured in Taiwan, and stability in the region is extremely important for the entire global economy.
Some experts believe that in the case of a complete shutdown of Taiwan enterprises, the semiconductor industry will be able to recover only in five years.Image source: TSМSimilar estimates in his interview with Barron's shares the author of the book \"War for chips: the battle for the most important technology in the world\" Chris Miller - Tufts University professor from the United States.
In his opinion, the U.S.
authorities underestimate the possible consequences of a regional conflict that could put Taiwan`s enterprises out of business.
Not only do the island produces up to 90% of advanced semiconductor components, but also the local production volume of chips is so large that no other region in the world can compete with it so far.
Up to a third of the annual increase in computing power in the world is provided by Taiwanese enterprises, according to expert estimates.
In the professor's opinion, the semiconductor crisis of 2020 and 2021, which paralyzed the work of the global automobile industry, is only a pale shadow of the likely problems that an armed conflict involving Taiwan would cause.
Even the PRC's \"nonviolent\" methods of influencing the island's economy can have a significant impact on the determination of Taiwan's leadership to remain independent.By the way, Chris Miller highlights the role of qualified personnel in the formation of the modern semiconductor industry.
The same founder of TSMC, Morris Chang, according to the author of the book, is the man to whom the whole world should be grateful for the technology we now have at our disposal.
For the United States, however, it is important to maintain a sensible immigration policy, since many of the leaders of major technology corporations are migrant workers or their direct descendants, and their role in shaping U.S.
industry and the economy is hard to dispute.