U.S. Treasury Secretary calls Taiwan ‘world’s biggest single point of failure’: Lion’s share of advanced chips are made in Taiwan

This week, U.S. Treasury Secretary Scott Bessent warned about the over-reliance of global high-tech industry on Taiwan, calling the nation ‘world’s biggest single point of failure’ as the lion’s share of the most advanced processors are made in Taiwan, he told Fox Business (via SemiVision). He urged urgent action to distribute chip production across multiple friendly regions to avoid a catastrophic collapse if disruptions occur. However, in his rhetoric Bessent seems to forget about Intel.

“The single…