Reliance on Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM), which manufactures 92% of the world's all advanced chips, puts the national security of the U.S. at risk, according to Eric Schmidt, former chief executive officer of Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG)
Schmidt, who co-authored an editorial with Harvard University Professor Graham Allison for the Wall Street Journal, says if TSMC's capacity goes offline — or if it falls into China's control — the U.S. technology sector will likely experience a severe impact.
