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I visited the island that could make or break your AI stocks

The Australian Financial Review (AFR) •
October 24, 2026 • 06:00 PM
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Taiwanese residents joke that the safest bomb shelter on the island is a flat right next to a TSMC fab, as the fabrication plants are known.

I visited the island that could make or break your AI stocks

In the winter of 1974, over steaming bowls of soy milk in a Taipei breakfast shop, seven men made a gamble that changed world history: that semiconductor manufacturing could secure Taiwan’s future.

Half a century later, the results of that decision put Taiwan at the heart of the world economy. It makes decisions about Taiwan’s place in the world – and how countries like Australia recognise that in the looming shadow of China – increasingly difficult to simply kick down the road.

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