China could be gearing up to invade Taiwan now that President Xi has installed a 'war cabinet', veteran investor Kyle Bass warns
index suffered its largest one-day loss of 2022 last Monday, dropping 6.4% as the Chinese president's shutout of internationalist reformers spooked investors.
An invasion of Taiwan by China would likely roil global markets as it would cut off much of the world's semiconductor supplies, Bass told CNN.is the world's largest independent chipmaker. It's also the 17th-largest stock by valuation, with a $322 billion market capitalization. TSMC — which makes many of the highest-end chips available — has started building manufacturing facilities in Arizona and other locations, Bass said. But it will struggle to construct those quickly enough if Xi invades Taiwan within the next couple of years, he added.
"The problem is those things take five years to build, and we're still right in the middle of building many chip foundries," he said. Xi's speech at the close of the Communist Party Congress was another signal that China was shifting to a more aggressive stance on Taiwan, according to Bass.prepare to undergo high winds and waves and even for the stormy seas of a major test"The words Xi used in his speeches led me to believe that he is absolutely going to move on Taiwan in the next year or two," the veteran investor told CNN."It's clear as day what's happening.
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