South Korea and Taiwan have a near monopoly on the world’s production of processing and memory chips. And a global shortage of semiconductor chips is hurting hi-tech industries, game console producers to automobiles. Car plants are reporting production delays of…

Taiwan’s air force conducted drills to simulate a war scenario on Tuesday. The exercises took place just two days after the country’s air defence identification zone was breached twice by several Chinese planes. China is due to start a large-scale…