Former $INTC CEO Pat Gelsinger warns Taiwan holds less than three weeks of energy reserves, and a Chinese blockade that browns out the island shuts its fabs for 90 days at a cost greater than the Great Depression. And no shot needs to be fired.
"Now, let's make it ugly for a second. The island of Taiwan has less than 3 weeks, a big article in the Wall Street Journal two weeks ago on this, less than 3 weeks of energy reserves."
"That should just put a chill in everybody's spine, right? Because the blockade after 3 weeks, the island browns out. When you turn off a fab, it doesn't come back on for 90 days."
"The economic impact of a brown out of Taiwan is greater than the Great Depression."
"Never do you need to do anything, a shot to be fired. You just need to say, great, no energy for 3 weeks."
"That is scary to me. We need more resilient supply chains."
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