Bessent Warns Taiwan Chip Reliance Risks ‘Economic Apocalypse’
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Category: WARS & RUMORS OF WARS
Summary:
U.S. Treasury Secretary Scott Bessent stated on January 20 at the World Economic Forum in Davos that the global economy is highly vulnerable due to the concentration of advanced semiconductor production in Taiwan. He highlighted that 97 percent of high-end chips are manufactured there, and a blockade or destruction of Taiwan’s manufacturing capacity could lead to an "economic apocalypse." Bessent identified this concentration as the single largest systemic risk to the world economy. He also noted that the U.S. is working to reshore semiconductor production and critical minerals to reduce dependency and counteract China’s influence over key supply chains.
Mysterion Insights
Scripture: Ecclesiastes 11:2
"Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth."
Commentary:
There is a real sense of fragility when vital industries depend on a single place. Losing supply from one region can affect people far from the conflict. The call for economic diversification echoes the practical biblical wisdom of spreading resources. This warning about concentrated risk fits a wider prophetic pattern of global shakings and systemic vulnerabilities in the last days. Even those in distant lands can feel the impact of decisions and disruptions half a world away.
Prophetic Trend:
Rising tensions over critical supply chains highlight deep interdependence and set the stage for broader instability on a global scale.
Mysterion Prophetic Impact Rating: C - Measured What does this mean?
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Source Excerpt:
U.S. Treasury Secretary Scott Bessent warned on Jan. 20 that the world economy faces a single, outsized systemic vulnerability because advanced semiconductor production remains overwhelmingly concentrated in Taiwan, saying a blockade or destruction of the island’s manufacturing capacity could trigger an “economic apocalypse.” “I would say that the single biggest threat to the world economy, the single biggest point of […] failure is that 97 percent of the high-end chips are made in Taiwan,” Bessent said during remarks at the World Economic Forum in Davos on Jan. 20. “If that island were blockaded, that capacity were destroyed, it would be an economic apocalypse.”......
Original Article: Read the full story →
Source: The Epoch Times
Posted on 01-21-2026 07:18