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The COVID-19 pandemic has accelerated the People’s Republic of China’s “Digital Silk Road” initiative, which aims to strengthen their technological development and geopolitical power. This has led to a shift in focus from trade competitiveness to tech rivalry between the US and China. Many multinational tech companies have moved their manufacturing away from China, and the US has implemented a ban on investments in certain Chinese tech industries. Taiwan, specifically TSMC, is at the forefront of this rivalry and semiconductor standoff.