Taiwan, home to chip manufacturing giant TSMC, accounted for over 60% of global foundry revenues in 2020, according to TrendForce. That market dominance eclipses the next leading country (South Korea), which made up just 18% of global foundry revenues.

And those disruptions won’t stop anytime soon: Recent droughts affecting TSMC’s Taiwan chip factories nearly guarantee the current logjam will continue well into 2021.