Patel cites estimates of 20% economic decline if Taiwan is invaded, comparable only to world wars.
“And then subsequently, that that sends the world into a depression. Right? The world has not experienced a 20 free fall since maybe, like, a one of the great wars.”
Patel notes China has a fully self-sufficient vertical semiconductor supply chain, though behind by three to fifteen years.
“China has a vertical supply chain. Yes. In many cases, it's fifteen years behind, ten years behind, in some cases, only three years behind.”