No it's not happened, but officials want readiness in the South China Sea

The US Secretary of Commerce says it would be "absolutely devastating" if China seized Taiwan Semiconductor Manufacturing Company (TSMC) and locked down the South China Sea.

“I'm not commenting on whether that's going to happen, how it's going to happen, or if it's going to happen, but what I can tell you is right now the United States buys 92 percent of its leading edge chips from TSMC in Taiwan," testified the secretary before the House Appropriations Committee yesterday.

Although the imported chips are vastly ahead of any semiconductors currently made in the USA, TSMC is slated to produce 2 nm and 3 nm chips in Arizona. The 2 nm chip production was initially scheduled to come online in 2026, but that was modified last month to 2028, when the fab would also produce 2 nm. TSMC is receiving $11.6 billion in funding from the ...