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Share Biden is touting a multi-billion-dollar chip factory in Arizona as a way to save the global economy from China threats — but an invasion of Taiwan would still wreak chaos

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Biden is touting a multi-billion-dollar chip factory in Arizona as a way to save the global economy from China threats — but an invasion of Taiwan would still wreak chaos

Dec 15 2022 by Business Insider

China's leader Xi Jinping with US President Joe Biden at their meeting on Monday during the G-20 summit in Bali, Indonesia.

Saul Loeb/AFP via Getty Images

The fate of the global economy may depend on TSMC, the Taiwan-based chipmaker. The company announced last week it was investing $40 billion in two Arizona factories. Experts disagree on how much this will protect the US economy in the event of a Chinese invasion of Taiwan.

The US could face a recession next year, but a Chinese invasion of...

Continue Reading Biden is touting a multi-billion-dollar chip factory in Arizona as a way to save the global economy from China threats — but an invasion of Taiwan would still wreak chaos