At the start of 2021 I made four big predictions for the year about digital currencies, the transition to a sustainable economy, geopolitics and social media. How did I score? (Hint: I got to grade myself.)
TSMC – Taiwan Semiconductor Manufacturing Corporation – now fabricates the best computer chips available at any price, transforming Taiwan into a prize that China needs in order to continue its rise as an economic and military superpower.
To service the growing demand for semiconductors, South Korea has committed nearly $200 billion.
TSMC is planning on investing at least $100B over the next four years.
Prediction: Our long-running low-level spats with China are the new normal, the Chinese superpower rubbing up against the regional power of Australia.
Series 5 continues with some predictions on geopolitics in this decade, when America and China swap positions, and political power tilts eastward.