But Taiwan and its semiconductors are far more important to the US economy than Ukraine, which means it would most likely be much harder for the US to stay out of a conflict involving Taiwan. Taiwan accounts for half of the global production of microchips essential to the operation of mobile phones, consumer electronics, cars, military equipment, etc. South Korea, the closest competitor, holds around 17% of the overall market. But Taiwan’s chips are the smallest and fastest, and its foundries account for 92% of the most advanced designs. “It’s nearly impossible to replicate Taiwan’s high-end, low-end chip manufacturing capability,”...