Over the past six months, Europe has experienced an energy crisis related to the Russian invasion of Ukraine. Because of it, Europe is preparing for a hard winter, being forced to have low consumption rates after a novel Russian threat upon an increase of natural gas prices. And, continuous cuts in supply in retaliation for European measures recognise the need for a reliable supplier. This situation could accelerate the demand for this energy resource to avoid price manipulation by the Russians.
However, it should be noted that not only Europe has geostrategic challenges! The conflicts between China and Taiwan force the island’s population to prepare for all kinds of eventualities by introducing reforms and improving their military competence. After the US House of Representatives speaker, Nancy Pelosi, visited Taiwan; Beijing ordered military exercises using missiles and drones for a week.
Nancy Pelosi, during her stay in Taiwan, met with Mark Liu, the President and Co-CEO of Taiwan Semiconductor Manufacturing Company (TSMC), the largest chip producer in the world. These chips are used in the aerospace industry and are commonly found in cars or household circuit products.
TSMC is located in the city of Hsinchu, northwest coast of the island, where exist other 19 technology factories and two main universities that train technologists to work in sectors such as chip production, optics, and solar energy. Fruit of its strategic importance, Hsichnu is a short-term Chinese goal! Therefore, beyond the humanitarian issues, Europe and the United States cannot allow the invasion of Taiwan; however, the symptom of a conflict on a global scale is a growing reality.
