Why the US is Quietly Taking Over Luzon's Supply Chain
You think the United States is building the next Taiwan in the Philippines. A pact named after the raw material of computer chips, a four-thousand-acre security zone, a railway across Luzon. They're moving chip manufacturing here to break China's grip.
So name one chip factory. There are zero. Not one wafer fab exists in the country, and none is planned for this zone. The Philippines is the ninth-largest chip exporter on Earth and doesn't etch a single wafer. The minerals everyone says will win the chip war don't go into chips at all.
Pax Silica crushes four separate things into one word, and the gap between what it's called and what actually moves is the whole story. Once you see it, the next big announcement reads completely differently.
The Philippines is the ninth-biggest chip exporter on Earth and owns zero factories that make chips. If both of those are true at once, then "counter China in chips" was never about making chips, and most people arguing about Pax Silica haven't figured that out.