Forget Iran: Eyck Freymann on Taiwan, China, and Why America Keeps Hitting the Snooze Button,
Keen On America
Taiwan's semiconductor centrality
Freymann details Taiwan's dominance in advanced chips and GPUs and why US CHIPS efforts lag.
“We keep getting wake-up calls and snoozing the alarm. Now is the time to actually get out of bed and confront this problem before it is too late.” — Eyck Freymann
Forget Iran for a moment. The Hormuz crisis is a template for the bigger crisis of Taiwan. Eyck Freymann — Hoover Fellow at Stanford, author of the brand-new Defending Taiwan: A Strategy to Prevent War with China — believes that the fate of the 21st century may hinge on Taiwan. And he warns that if America can’t handle Iran, it’s certainly not ready for Beijing.
Freymann argues that China doesn’t need to invade Taiwan. Xi Jinping has watched Putin discover — with horror — what happens when you send unprepared forces into a country that fights back. China’s lesson from Ukraine is a strategy of quarantine rather than invasion. The United States will then face a choice between accepting Chinese checkmate or escalating a crisis with no domestic or international support. Taiwan produces 90% of the world’s advanced semiconductors and 99% of the cutting-edge NVIDIA GPUs used to train frontier AI models. If those chip factories shut, there will be an instantaneous global financial crisis.
Forget today’s Iranian theater. Taiwan will be the real existential show.
Five Takeaways
• The Hormuz Alarm Bell: Iran has no navy, no air force, and supposedly no ballistic missile arsenal anymore — and yet it took 20% of global oil supply offline. The Trump administration went in thinking overwhelming military superiority would translate to political victory. It hasn’t. Strategy, Freymann says, is the art of connecting ends to means. If you don’t know your ends, you’ll flail. China is watching every mistake: no plan for the economic shock, no domestic legitimacy for the war, excess pain falling on oil-importing US allies like Japan, South Korea, and Europe. Beijing’s conclusion: we don’t have to pick a military fight with the United States. Why would we?
• The Semiconductor Chokehold: Taiwan produces 90% of the world’s advanced semiconductors and 99% of the cutting-edge NVIDIA GPUs used to train frontier AI models. The CHIPS Act has tried to change this. It hasn’t. The Arizona facility is two generations behind Taiwan, commercially uncompetitive, and unable to scale. Taiwan is five years ahead now and will be five years ahead in five years. If the Taiwan fabs go offline, there is an instantaneous global financial crisis: the seven companies that account for roughly 40% of the S&P 500 are all essentially the AI trade. The hyperscalers are spending $600 billion in data centers this year — the only thing keeping the US economy out of recession. This is what’s at stake, before you even get to the military question.
• The Quarantine: Winning Without Fighting: Xi Jinping’s plan A is not invasion. It’s the quarantine: seize control of who and what comes and goes to Taiwan by declaring that anyone flying to Taipei must first clear customs in Shanghai. Impound a United Airlines flight. Let the ambiguity do the work. If China can do that and get away with it, Taiwan can’t rebuild its military, the US can’t send more weapons, and Beijing controls the chips. It’s checkmate — without a shot fired. The United States then has to accept it, or escalate in a way that has no domestic legitimacy and drives wedges between Washington and its allies. China has figured out how to extort the West with prolonged economic pain. The alarm bells keep ringing. America keeps snoozing.
• What a Taiwan War Would Actually Look Like: It would be a war at sea — fundamentally unlike anything America has fought or prepared for in eighty years. China would need to simultaneously control the skies, the undersea, and the surface on all sides of the Taiwan Strait, then send tens of thousands of men 80 miles across in amphibious vessels to storm beaches in a Normandy-style assault. The first engagements would be decided in minutes to hours by long-range precision munitions. America’s operational capabilities are exceptional: the cyber assassinations, the special forces raid, the continuous bomber sorties from the continental United States. But China has home-field advantage. And it has been building systematically for this scenario for years. We could probably win if we fought today. We need to make investments for tomorrow.
• The Four-Pillar Strategy: Freymann’s integrated answer: diplomacy, military deterrence, economic resilience, and allied coordination — all working together, not in separate silos. On diplomacy: maintain the principled position that Taiwan’s status must be resolved peacefully and democratically. On military: show China it can’t win if it escalates to war, while keeping conventional forces credible. On economics: build enough allied resilience that authoritarian powers can’t extort the West by threatening prolonged economic pain. On allies: coordinate with Japan, South Korea, the Europeans on a shared plan for what happens if things collapse. This is doable. It’s been done for fifty years. We just need the resolve to keep doing it.
About the Guest
Eyck Freymann is a Hoover Fellow at Stanford University and a Non-Resident Research Fellow at the US Naval War College’s China Maritime Studies Institute. He is the author of Defending Taiwan: A Strategy to Prevent War with China (Oxford University Press, 2026), The Arsenal of Democracy: Technology, Industry, and Deterrence in an Age of Hard Choices (Hoover, 2025), and One Belt One Road: Chinese Power Meets the World (Harvard, 2021).
References:
• Defending Taiwan: A Strategy to Prevent War with China by Eyck Freymann (Oxford University Press, 2026).
• “The Strait of Hormuz as a Template for Taiwan,” Financial Times, April 2026. By Eyck Freymann.
• Episode 2862: Truth Is Dead — on AI, disinformation, and American strategic confusion.
About Keen On America
Nobody asks more awkward questions than the Anglo-American writer and filmmaker Andrew Keen. In Keen On America, Andrew brings his pointed Transatlantic wit to making sense of the United States — hosting daily interviews about the history and future of this now venerable Republic. With nearly 2,800 episodes since the show launched on TechCrunch in 2010, Keen On America is the most prolific intellectual interview show in the history of podcasting.
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