Recent visits to Taiwan by U.S. House Rep. Nancy Pelosi and a delegation of five U.S. lawmakers earlier this week have set the stage for rising tensions in the Taiwan strait.

Beijing claims Taiwan as its own territory and sees U.S. visits as encouragement for Taiwan’s pro-independence movement. But there’s a crucial industry on the self-governing island critical to both China, the U.S. and the entire global economy. Taiwan makes 90 per cent of the world’s advanced semiconductors. The hyper-miniscule components are used in everything from your phone, computer, car and even military fighter jets. So important is Taiwan’s involvement in the industry that some argue it could even deter a war.

The Globe’s Asia correspondent James Griffiths is on the show to talk about how Taiwan came to dominate the industry and why it’s crucial to the delicate geopolitical situation today.

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