WTF?! The importance of the Taiwan Semiconductor Company, better known as TSMC, to the global economy cannot be underestimated. The world’s largest chipmaker accounts for 54% of the global chip market, making the economist’s call for China to take over TSMC even more troubling if the US imposes tough sanctions on the country.

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bloomberg reports that Chen Wenling, chief economist at the state-run China Center for International Economic Exchange, said: “If the US and the West impose destructive sanctions against China, such as those against Russia, we must take Taiwan back.”

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Chen highlighted TSMC in a speech at the Chongyang Institute for Financial Studies at Renmin University last month. “Especially in the reconstruction of the industrial chain and the supply chain, we must take over TSMC,” she added.

TSMC is reportedly looking to build six chip factories in the US, although it has only announced one so far. “They are [TSMC] accelerate transfer to the US to build six factories there,” Chen said. “We must not allow all the goals of the transfer to be achieved.”

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Chen says that such a scenario is only possible if the US hits China with sanctions similar to the Russian ones that were imposed after China invaded Ukraine. Taiwan has long claimed to be an independent nation, while China insists it is part of its territory and does not hesitate to use force to control it.

Many in the industry are aware of the threat to TSMC if China ever invades Taiwan. Intel CEO Pat Gelsinger said last year, “Taiwan is a volatile place.”

“This week, Beijing sent 27 warplanes to the Taiwan Air Defense Identification Zone. Did it make you feel better or less?” Chipsilla’s boss warned.

Intel is currently building more factories in US as well as World as part of its IDM 2.0 strategy, which includes the newly created Intel Foundry Services (IFS) manufacturing chips for others, thereby reducing reliance on Taiwanese chip manufacturers. Elsewhere, President Biden announced plans to invest $52 billion in domestic semiconductor research.

News broke last week that Taiwan chips limit it exports to Russia those with frequencies up to 25 MHz and performance up to 5 GFLOPS.