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Taiwan plays an outsized role in the global economy. From smartphones and AI to fighter jets and satellites, the world's most advanced semiconductor chips are manufactured on this self-ruled island. In this edition of Spotlight, Daniela Laurel explains how Taiwan became the heart of the global chip industry, why companies like Apple, Nvidia and AMD depend on TSMC, and why the United States cannot easily replicate Taiwan's manufacturing ecosystem. We also examine Washington's efforts to rebuild domestic semiconductor production, the role of ASML's cutting-edge chipmaking machines, and why Taiwan's semiconductor dominance has become central to the strategic rivalry between the United States and China.
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