Pound for pound, Taiwan is now the most important place in the world

The Cold War between the United States and the Soviet Union perpetually threatened to spark conflict in nations all over the world, including battles over the control of a vast array of natural and industrial resources. The new Cold War, between the United States and China, is increasingly focused on access to just one industry in one place: computer chips made in Taiwan.

Over the past year, Taiwan has taken a lead in the race to build thinner, faster and more powerful chips, or semiconductors. Its fastest chips are the critical building blocks of rapidly evolving digital industries like artificial