What is the Impact of China-Taiwan stand-off on the Global Telematics Semiconductors Industry?
Jun 21, 2022 | Industrial Automation |
As the world is moving forward to liberalization, privatization, and globalization, international commerce and perhaps corporate activity has grown across the world. Global telematics semiconductors have seen tremendous demand and developments over the last few decades.
Taiwan and China have been ruled independently for more than 70 years. Despite this, the two countries have been in the headlines frequently because of their effect on the worldwide telematics semiconductors sector. Given the fact China has been increasing worldwide influence for more than 40 years, Taiwan has just been acquiring global influence since early 2020. According to Sudip Saha, chief operating officer (COO) of Future Business Insights, China and Taiwan have been making every attempt to obtain a substantial part of the semiconductor market, from automotive semiconductors to Wi-Fi semiconductor chipsets.
Taiwan is the undisputed world leader in the semiconductor sector, with Taiwan Semiconductor Manufacturing Company (TSMC) alone accounting for more than half of the market. The conflict between China and Taiwan has escalated in tandem with Taiwan's rising dominance in the industry. China has been urging the world's major countries to cease their diplomatic relations with Taiwan.
Taiwan is the United States' eighth-largest commercial partner, and the two countries share most of the same ideals. In exchange, the US feels committed to giving Taiwan adequate armaments to bolster its self-defense capabilities. Over the years, the standoff between China and Taiwan has deteriorated into a potentially catastrophic flashpoint.
Read our recent blog where we assess the impact of the China-Taiwan standoff on the global telematics semiconductors industry:
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