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'Strategic chip reserves' can insulate against Taiwan war risk

Potential economic and social impact of supply cutoff too great to ignore

| North America
A microchip is displayed at the Taiwan Semiconductor Research Institute in Hsinchu: With economic and social stability at stake, nations should take action now to stock up on chips.   © Reuters

Abishur Prakash is CEO of The Geopolitical Business, a Toronto-based advisory firm, and the author of "The World Is Vertical: How Technology Is Remaking Globalization."

Two years after Arab exporters imposed an oil embargo on the U.S. for its wartime support of Israel, then-U.S. President Gerald Ford signed legislation creating a strategic petroleum reserve in 1975 to reduce the risk of future supply shocks.

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