The US official said that the Chinese seizure of TSMC in Taiwan would be devastating

U.S. buys 92% of its leading edge chips from TSMC in Taiwan. Chinese invasion of Taiwan and seizure of chips producer TSMC would be 'devastating' to the American economy. TSMC declined to comment on how or if it will happen.

U.S. buys 92% of its leading edge chips from TSMC in Taiwan. Raimondo declined to comment on how or if it will happen, adding: "Right now, the United States buys 92 per cent of its leads edge chips" U.N. Commerce Department would award TSMC's US unit a $6.6 billion subsidy for its most advanced semiconductor production.