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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid escalating geopolitical tensions surrounding critical technology supply chains, Citadel founder Ken Griffin has warned that losing access to TSMC’s chip production could plunge the United States into a 'Great Depression'. According to reports, Griffin emphasized that the semiconductors produced by the Taiwanese giant are essential components in nearly every high-end product globally. This warning underscores the structural fragility of the Western economic system and its heavy reliance on a single source for sovereign technologies.
These concerns reflect growing anxiety on Wall Street regarding chip industry concentration, as TSMC controls over 90% of the market for the world's most advanced chips according to industry data. In comparison to peers, a significant technical gap remains with companies like Intel and Samsung, which are struggling to close the lead in 3nm and below manufacturing processes. Semiconductor experts suggest that any disruption in the Taiwan Strait could halt production in sectors ranging from smartphones to advanced defense systems, justifying Griffin's characterization of the potential crisis.
Regarding market performance, TSM shares closed at $436.96 (as of July 09, 2026), amid notable volatility with a daily high of $447.69. Traders are closely monitoring geopolitical rhetoric that could impact tech sector valuations. Looking ahead, investors are awaiting the release of the ISM Services PMI data in the US, which may provide insights into the resilience of tech-dependent sectors facing potential cost pressures.