But don't just take my word for it. In a widely cited 2023 report from the US Taiwan Business Council, it says A significant shock to the delivery of chips would have an impact as large as either of the two previous economic recessions in the United States. the global financial crisis of 2009 and the global pandemic of 2020. Well, we might ask, how do we find ourselves in this place with this incredible vulnerability? (04:40–05:05)
CLAIM
Asserts that a disruption in chip delivery could have an economic impact comparable to the 2009 financial crisis or the 2020 pandemic.
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