Blinken: If Taiwan’s chip production is interrupted, the world will fall into economic crisis | Anue Juheng – US Stocks

The world-class strength of Taiwan’s semiconductor manufacturing has become inseparable from US-China technology and international geopolitics. US Secretary of State Antony Blinken warned on Monday (17th) that if Taiwan’s semiconductor production is interrupted, the world will fall into an economic crisis.

Blinken mentioned U.S. policy toward Taiwan in a conversation with former U.S. Secretary of State Condoleezza Rice at an academic event at Stanford University on Monday. Blinken pointed out that this year, Beijing’s policy attitude towards Taiwan has changed, and it is fundamentally determined that the status quo is no longer acceptable, and it intends to speed up the unification of the timetable. If peaceful means fail, Beijing will not rule out resorting to coercion and force.

Blinken said that if Taiwan’s chip manufacturing is interrupted, there will be an economic crisis in the world, so this is not only a topic of concern to the United States, but also a topic of deep concern to all countries in the world. cross-strait peace and stability.

Blinken called on the Beijing government to rethink the benefits of peacefully resolving differences, while reiterating that the United States will resolutely honor its commitments under the Taiwan Relations Act and support Taiwan’s self-defense capabilities.

Comments by U.S. officials on Chinese military incursions in Taiwan are uncommon, and the State Department did not immediately respond to Blinken’s remarks on Monday.

US Treasury Secretary Yellen said earlier that the world’s only source of the most advanced semiconductors is Taiwan, which is a resilience risk and a national security risk.

Philip Davidson, commander of U.S. Indo-Pacific Command, warned at a Senate Armed Services Committee hearing in March last year that “China is accelerating its push to replace U.S. global leadership, and Taiwan is clearly an ambition for China to achieve that goal.” Davidson estimates that China may invade Taiwan within the next six years.

The EU is expanding cooperation with the US and its allies, viewing China as a full-scale competitor.

In an informal EU summit set to take place on October 20-21, a leaked EU report states that the EU’s foreign ministry has called for a tougher stance on China and sees Beijing as a full-scale competitor, with the EU overseeing China’s semiconductor industry and China’s semiconductor industry. Dependence on certain rare metals has become a strategic weakness, and the EU plans to expand local output, find alternative supply chains and do recycling.


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