The Senkaku Paradox describes how small stakes can lead to big conflicts at a time of great-power rivalry. While the term’s origins lie in military warfare, it can also be applied to the escalating economic standoff between the Netherlands and China over microchip firm Nexperia. The mounting risk of a chip shortage triggered by politics, rather than disease or armed conflict, should be a warning for Europe to deal with its big trade-war vulnerabilities.
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The Computer Chip Shortage Is Back, Only Now It's Political
