00:00Did you know that the global economy depends on a company you probably have never heard of?
00:05On a small island off the shore of China, one company manufactures a product used across the globe for countless products like PCs and washing machines.
00:14This company is known as the Taiwan Semiconductor Manufacturing Company.
00:18Even though TSMC may not be a well-known brand, its chips are almost probably inside something you own.
00:24The company produces over half of the global semiconductor market and 90% of advanced processors.
00:31TSMC manufactures the majority of the 1.4 billion smartphone processors sold worldwide.
00:37However, the US's access to TSMC chips is especially vulnerable.
00:42China claims the island as its own and has threatened to invade.
00:46If China did invade and disrupt the world's access to chips, we could be looking at economic damages in the trillions.
00:53Follow for more.
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