Intel Chief Believes Chips Are The New Oil – Joins TSMC Executive To Comment On Possible War In Taiwan May 4, 2021 09:36 EDT The Taiwan Semiconductor Manufacturing Company's (TSMC) chairman Dr. Mark Liu has commented on the possibility of armed conflict in Taiwan due to his company's strategic importance. TSMC is one of the three companies in the world that is capable of manufacturing semiconductors on advanced, leading-edge process nodes. However, access to this technology has been limited by the United States Department of Commerce to entities that act against American national security interests. These entities include China's Huawei Technologies Ltd. and others with links to the Chinese military.