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What a Chinese blockade of Taiwan would mean for global business

5 min read 15 Aug 2022, 05:53 PM IST Chun Han Wong , The Wall Street Journal

Taiwan is home to TSMC, the world’s biggest chip maker, and sits next to one of the busiest shipping lanes

Taiwan accounts for roughly 70% of the world’s microchip supply. It serves as an important part of the production chain for goods including smartphones, computers and cars. (Photo: AFP) — Taiwan accounts for roughly 70% of the world’s microchip supply. It serves as an important part of the production chain for goods including smartphones, computers and cars. **(Photo: AFP)**

Beijing considers Taiwan, a democratically ruled island near mainland China, as part of its territory. When U.S. House Speaker Nancy Pelosi visited Taiwan this month to support its government, Beijing condemned the trip and conducted military drills with warplanes, ships and missiles to demonstrate its ability to blockade the island.