China quietly cut off shipments of sand to Taiwan last Wednesday, depriving the country that produces 2/3 of the world’s computer chips of a critical raw material, potentially affecting everything from computers and cars to missile guidance systems. 5) Biden administration was in crisis mode over Pelosi’s Taiwan visit; 4) China cuts off Taiwan’s supply of sand; 3) White House economic numbers don’t add up; 2) Israel passes new law banning use of cash for large transactions; 1) Murder hornet gets image makeover over fears of anti-Asian racism.
Pelosi Stunt May Strangle Global Chip Market
August 9, 2022
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