Taiwan is worried about the security of its chip industry

Good thing then that Taiwan has huguo shenshan, or the “magic mountain that protects the nation”. The mountain is not a sophisticated defensive fortification, nor a treaty with a big power. It is instead what Taiwanese call their $147bn semiconductor industry, equivalent to 15% of gdp. It accounts for nearly 40% of its exports and is a pillar of the island’s economy. It is also a guarantor of its security. The Economist