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Reuters
Reuters
Politics

Top US spy says Chinese invasion halting Taiwan chip production would be 'enormous' global economic blow 

A chip is pictured at the Taiwan Semiconductor Research Institute (TSRI) at Hsinchu Science Park in Hsinchu, Taiwan, September 16, 2022. REUTERS/Ann Wang

A Chinese invasion of Taiwan could potentially halt production by the world's largest advanced semiconductor chip maker, wiping out up to $1 trillion per year from the global economy per year in the first few years, the top U.S. intelligence official said on Thursday.

U.S. Director of National Intelligence Avril Haines presented what she called a "general estimate" during testimony before the Senate Armed Services Committee.

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