A Chinese Invasion of Taiwan Is a Real and Dangerous Possibility That Could Wreck Armies and Ruin the Global Economy Worse than the 1929 Stock Market Crash

While US businesses can take some steps to reduce their reliance on Taiwan chipmaking, including bolstering their chip inventories and diversifying their supply chains, this is unlikely to mitigate the full risk of a Taiwan crisis.

"Given how predominant Taiwan is in the global semiconductor value chain, even with adjustments, any type of disruption to access to Taiwan semiconductor output is going to have tremendous consequences for the global economy," Martijn Rasser, a former senior intelligence officer at the CIA, who is now a security and technology expert at the Center for a New American Security, told Insider.

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