The fate of the world economy may depend on what happens to a company most Americans have never heard of

The fate of the global economy may rest on the shoulders of one company: TSMC. TSMC is the world’s biggest chipmaker — its chips power everything from cars to iPhones. But US-China tensions, and China’s standoff with Taiwan, could cost global economy trillions. The company’s chips power cars, iPhones and iPhones, but tensions could cost the economy billions. The US-Taiwan standoff with China could cost billions of dollars in U.S.-Taiwanese tensions. The U.N. State Department says it is concerned about the impact of China’s stance on Taiwan, not China’s, but the U.K. needs to work with the government to prevent it from becoming dependent on China’s influence in the region. . . .