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Top Chinese Economist Suggests Seizing TSMC, Top Apple Chip Supplier

News Snapshot:

Tensions between the U.S. and China have been escalating since Russia began its invasion of Ukraine. As western countries mull the possibility of imposing economic sanctions on China, one of Beijing’s top economists suggests the country strike back by “reclaiming” Taiwan. This would result in China taking over control of Apple’s top chip supplier, TSMC. Asian Governments More Sensitive to Potential Conflicts Chen Wenling, chief economist for the China Center for International Economic Exchanges (CCIEE) made the suggestion during a recent online forum . The conversation, on May 30, concerned worsening relations between the U.S. and China. The CCIEE is…

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