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The $490bn question: Can the world afford its Taiwan chip dependence?

Biden looks to make supply chains more resilient, but it will not be cost-free

U.S. President Joe Biden holds a silicon wafer during a virtual summit Monday with business leaders about semiconductor supply chains.   © AP

TOKYO/WASHINGTON -- President Joe Biden laid out a bold vision of a reinvigorated American semiconductor industry at a virtual summit Monday with leaders of companies disrupted by the current chip shortage, an event that has illustrated how much global chip production has become centered on Taiwan.

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