Global economy clings to Taiwan's 'silicon shield'

Taiwan is ‘the beating heart’ of the semiconductor industry but China’s military exercises illustrate how vulnerable the global economy has become.

A semiconductor exhibition in Taipei. Taiwan produces most of the world's highest-tech silicon chips. PHOTO: BLOOMBERG
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When I first arrived in Taiwan as a college student in the summer of 1973, there was no ambiguity whatsoever about the American role on the island.

Over the previous two years, then President Richard Nixon and then National Security Adviser Henry Kissinger had opened relations with the People's Republic of China in Beijing.

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