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The industry’s vulnerability was on display in July last year, when Taiwan mobilized thousands of troops to fight off a simulated Chinese attack on the west coast industrial city of Taichung, home to TSMC’s Gigafab 15, one of the foundries that make cutting-edge chips.…In the counter-invasion exercise, “enemy” paratroopers dropped on Ching Chuan Kang air base and captured the control tower, just nine minutes’ drive from Gigafab 15. Off the coast, a virtual Chinese invasion flotilla steamed towards the city’s beaches. Fighting enveloped Taichung as Taiwanese troops and tanks counterattacked to regain control of the air base; commanders called in airstrikes, missiles and artillery, using live ammunition to pound the “invasion fleet.” The invasion was repulsed.

It was the age-old scam of lush-roller and lush, he thought, or so it would seem.

Ph.D’s will go to Kirk G. Rasmussen and Val Hicks.