This past week, the Chinese government announced its fierce opposition to Speaker of the House Nancy Pelosi, D-Calif., visiting Taiwan. Chinese Foreign Ministry spokesperson Zhao Lijian said that China was “fully prepared ... If the U.S. is bent on going its own way, China will take firm and strong measures to defend national sovereignty and territorial integrity.”
In response, the Biden administration announced its discomfort with Pelosi’s visit: Biden told journalists that military officials thought the trip was “not a good idea.”
Meanwhile, The Wall Street Journal reported that the Chinese government had accelerated its push to reshore the manufacture of semiconductors. According to the Journal, “China is leading the world in building new chip factories, a step toward achieving more self-sufficiency in semiconductors that could eventually make some buyers reliant on China for many of the basic chips now in short supply.” That news ought to be disquieting for those who understand the flow of semiconductors, the single most important commodity on the planet, a component of nearly every major technology used today. Taiwan manufactures approximately 92% of advanced semiconductors; South Korea manufactures nearly all of the rest.