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Two Companies the World Needs

MAGNA BUREAU

INVESTIGATION

The Two Companies Without Which the World Stops

TSMC

Seventy percent of the world's chips are printed on one island.

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ASML

One company builds the only machines that can print them. No one else.

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THE STRAIT

Ninety-two percent of advanced logic sits within missile range.

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THE FOUNDRY

TSMC ate the industry — one foundry to print them all.

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THE MACHINE

Each extreme-ultraviolet machine costs more than a fighter jet.

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THE TIGHTEST CHAIN

The tightest chokepoint in the global economy fits inside a single factory.

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THE QUESTION

What happens the week the machines stop?

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NO SINGLE CAPITAL OWNS THE WHOLE TRUTH

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