The global chip shortage that’s kept automobiles, iPads and game consoles in short supply is nothing compared to what could happen if the global economy’s key maker of high-end microchips, based in Taiwan, is jeopardized.

Why it matters: Till now, Washington’s focus on the semiconductor shortage has centered on keeping products on shelves and car dealership lots stocked — but U.S.-China tensions, along with the threat of natural disasters, provide a recipe for an even broader economic crisis.

Read the full article at Axios.