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Their wordsTaiwan needs to maintain this "silicon shield" of high-end chip manufacturing to counter geopolitical threats-as long as the PRC is dependent on Taiwan's semiconductors, it is much less likely to attack the island, and as long as the US is dependent, it is much more likely to rush to Taiwan's aid.
Their wordsThe massive success of TSMC reinforces the island's two-track economy, where chipworkers prosper and the rest of the economy muddles along.
Their wordsA cheap currency makes it harder for consumers to afford imports, especially food and energy, which are largely produced off the island.
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