If China invaded Taiwan there would be major impacts across the global high-tech supply chain “in weeks”, according to the chief executive of one of the most important companies involved in making vital semiconductor chips.
Speaking exclusively to Sky News, Doris Hsu, CEO of Taiwan-based GlobalWafers, also said customers have “a lot of concerns” about China’s intentions in Taiwan and it’s one of the reasons the firm had opted to locate its new plant in Texas.
Increased tension across the Taiwan Strait has led to concerns that companies will look to protect themselves by withdrawing from the self-governing island that China sees as its own and direct longer-term investments elsewhere.
Taiwan is a vital global player in technological development and manufacturing, particularly semiconductors.
Semiconductors are the vital microchips described as the “brain” in modern electronics; they power everything from planes and appliances to cars and smartphones.
Taiwan manufactures around 90% of the world’s most advanced semiconductors and around 50% of the broader market, much of them made by global leader TSMC.
Any disruption to this would be catastrophic to global supply chains.
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GlobalWafers manufactures silicon wafers, one of the crucial parts in semiconductors. It is the world’s third-largest supplier of this component and one of TSMC’s most important suppliers.
Image: Doris Hsu says ‘risk management’ is one of the reasons the new factory was built in Texas
“Some of our customers do have quite a lot of concern about the overall security in Taiwan,” says Ms Hsu. “They want us to be more diversified.”
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“In 20 years we have never been asked so frequently as we have recently, so many customers saying ‘Hey Doris, what if anything goes wrong? What’s your contingency plan?'”
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How could a China-Taiwan war hurt the economy?
Speaking about the company’s new $5bn (£4bn) chip plant in Texas, she said one of the reasons for the decision was “contingency or risk management”.
While GlobalWafers is already a very globalised company, with 18 operations across nine countries, the threat of future instability is having an impact on decision making.
“I have been in this industry for over 20 years,” she says.
“In last 20 years, I have had to care more about the business, economic issues, the engineering stuff. What about IP [intellectual property]? What about your leadership or technology? But now I have to think about global political-related issues!”
‘Attack would affect $2trn of trade’
Semiconductors are just one of the areas where Taiwan punches hugely above its weight. Despite its small size, it is the world’s 16th-largest trading economy.
Research organisation the Rhodium Group has estimated that any form of attack or blockade to Taiwan would impact $2trn of economic activity, before taking into account any sanctions or secondary impacts.
Image: GlobalWafers makes silicon wafers, a vital part in semiconductors
There have been concerns that some firms, burnt perhaps by experiences in Russia, would look to move some operations away from the island.
Brompton Bikes, the British bicycle manufacturer, is just one firm that has indicated it will do this.
But experts say there is no mass exodus, more a gentle drip of long-term investment decisions going elsewhere.
“Most companies are not thinking actually about pulling out or relocation – but expansion,” explains Kirsty Tzun-Tzu Hsu, director of the Taiwan ASEAN Studies Center at Chung-Hua Institution of Economic Research.
“They are expanding their supply or supply chain from Taiwan to other countries or other regions, so that they may have someplace to back up if Taiwan cannot produce as quickly or as according to the expected timeframe.”
China is one of many nations also reliant on Taiwan’s high-tech sector and this has been cited by some experts as a reason an invasion may not happen.
The sons of former Pakistani prime minister Imran Khan have said they fear they might never see their father again as he is being “psychologically tortured” in a “death cell”.
Speaking to Sky News’ The World with Yalda Hakim, Kasim and Sulaiman Khan said they had not spoken to their father, who has been in prison since August 2023, for months.
Image: Imran Khan’s sons being interviewed by Yalda Hakim
Kasim described the conditions the former Pakistani leader has been kept, saying: “He’s been in a solitary confinement cell for over two years where he’s had filthy water, he is around inmates who are dying of hepatitis, the conditions are disgusting and also he is completely isolated from any human contact.”
He continued: “It’s getting harder to see a route out at this point. We’re trying to have faith. But at the same time, right now, the conditions are getting worse.
“It’s very hard to see a way out… We’re now worried we might never see him again.”
Kasim said his father was being subjected to “psychological torture tactics” as even the prison guards weren’t allowed to communicate with the former Pakistani leader, who led the country between 2018 and 2022.
Image: Imran Khan, pictured in March 2023 before his arrest on corruption charges. File pic: Reuters
Sulaiman said his father’s cell, where he allegedly spends 23 hours a day, has been described as a “death cell”.
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He said an army spokesperson announced on Friday that Imran Khan, who has in the past been shot three times, was now officially in full isolation.
He added that Imran Khan was being kept in “completely substandard conditions that don’t meet international law for any sort of prisoner”.
Uzma Khanum said at the time that Khan was facing isolation and psychological strain in prison following weeks in which his family said access had been blocked.
The former leader was jailed after being convicted in a string of cases that he says were politically driven following his ousting in a 2022 parliamentary vote.
Before launching his political career, Imran Khan was best known as a star of international cricket and for leading Pakistan to Cricket World Cup victory in 1992.
Kasim said his father would “never take a deal and leave all of his other party members in jail to die and fester in these jails…
“Instead he stays in those conditions, happy to rot and it means that he can move towards his goal of ridding Pakistan of corruption, a goal that he has stated to us a million times.”
Mosharraf Zaidi, a Pakistani government spokesperson, will be speaking to Yalda Hakim tonight on Sky News from 9pm.
French football champions Paris Saint-Germain have been ordered to pay former player Kylian Mbappe 60 million euros (£52.6m) by a Paris court.
A Paris labour court found on Tuesday that Mbappe was due three months in unpaid wages, as well as an ethics bonus and a signing bonus, under his employment contract with PSG.
It was noted that the sums were recognised by the French Professional Football League (LFP) in September and October 2024, and that there was no evidence of an agreement showing that Mbappehad waived his entitlement to them.
Judges thus rejected the club’s argument that the 26-year-old French forward should forfeit unpaid wages entirely, but did dismiss his additional claims of concealed work, moral harassment and breach of the employer’s duty of safety.
Image: Kylian Mbappe was PSG’s record goal scorer and won six league titles with the club. File pic: AP
Speaking to reporters after the verdict, Mbappe’s lawyer Frederique Cassereau said: “We are satisfied with the ruling. This is what you could expect when salaries went unpaid.”
In a statement, his legal team also said: “This judgment confirms that commitments entered into must be honoured. It restores a simple truth: even in the professional football industry, labour law applies to everyone.”
PSG ‘reserving right to appeal’
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PSG said in a statement that it “takes note of the ruling handed down by the Paris labour court, which it will comply with, while reserving the right to appeal”.
The statement added: “Paris Saint-Germain has always acted in good faith and with integrity, and will continue to do so.
“The club is now looking to the future, built on unity and collective success, and wishes the player all the best for the remainder of his career.”
Now playing for Real Madrid, Mbappe had taken PSG to court over earnings he said were withheld for April, May and June 2024 – before he left the club for Spain on a free transfer.
Image: File pic: Reuters
Lawyers for the striker argued he was owed more than 260m euros (£227m), and that his fixed-term contract should be reclassified as a permanent one.
Judges on Tuesday did not view Mbappe’s contract with PSG as a permanent one, which limited the scale of possible compensation.
PSG argued that Mbappehad acted disloyally by concealing for nearly a year his intention not to renew his contract, and sought 440m euros (£385m) over damages and a “loss of opportunity” after he left on a free transfer.
PSG signed Mbappe on loan with a mandatory purchase option of 180m euros (£165.7m) from AS Monaco in 2017, making him the second-most expensive player and most expensive teenage footballer in history.
While playing for the Parisians, he won six league titles and scored 256 goals in all competitions, making him the club’s all-time top goal scorer.
FIFA has announced “more affordable” tickets for all 104 matches at next year’s World Cup after an outcry over pricing.
The cheapest tickets will now be on offer from $60 (£45) as part of a new “Supporter Entry Tier” which will be available specifically to supporters of qualified teams.
However, only 10% of participating member association’s allocated tickets will fall under this most affordable category.
As a result, the number of $60 tickets for each game is likely to be in the hundreds, rather than thousands.
Supporter value tier prices will apply to 40% of their tickets with the remaining 50% being split evenly between supporter standard tier and supporter premier tier.
Ronan Evain, the executive director of Football Supporter’s Europe (FSE), a group that represents the interests of supporters in European football, said the group was “looking at the FIFA announcement as nothing more than an appeasement tactic due to the global negative backlash”.
He added: “This shows that FIFA’s ticketing policy is not set in stone, was decided in a rush, and without proper consultation – including with FIFA’s own member associations.”
While he welcomed FIFA’s “seeming recognition of the damage its original plans were to cause”, he insisted “the revisions do not go far enough to reconcile” the harm done.
Image: England and Scotland have qualified for next year’s World Cup. Pics: Reuters
In a statement, FIFA said: “With demand in the current sales phase achieving 20 million ticket requests, FIFA has confirmed that fans of the national teams that have qualified for the FIFA World Cup 2026 will benefit from a dedicated ticket pricing tier, which has been designed to make following their teams on football’s greatest stage more affordable.
“The newly introduced Supporter Entry Tier will be available at the fixed price of USD 60 per ticket for each of the 104 matches, including the final.”
Where will England and Scotland play their World Cup games?
FIFA had been urged to halt World Cup ticket sales after it emerged countries’ most loyal fans faced paying “extortionate” prices for tickets, with the cheapest for the final coming in at over £3,000.
The cheaper tickets, which will be made available for every game at the tournament in North America, will be given to the national federations whose teams are playing.
It will then be up to those federations to decide how to distribute them to loyal fans who have likely attended previous games at home and on the road.
This is FIFA caving into criticism like rarely before under Gianni Infantino. It has still not shut down the outcry at the cost of going to the World Cup.
“We have listened to feedback,” a senior FIFA official acknowledged to Sky News.
Suddenly cutting World Cup ticket prices amid a growing fan backlash is a significant climbdown.
FIFA admitted it got it wrong by pricing tickets too high.
Groups, including England’s Football Supporter’s Association, said last week it was “scandalous” its cheapest group stage tickets in the United States would cost about £165 ($265) and the cheapest for the final £3,130.
Now, FIFA says there will be $60 (£45) tickets for every match. The US-Canada-Mexico bid book ahead of the 2018 FIFA vote said the cheapest tickets would be $21.
“This new category is the right thing to do,” the FIFA official close to talks said.
But only 10% of the allocation for each team will be made available at the new cheaper entry point.
So for England’s opener against Croatia, there could only be 750 tickets at £45. The Dallas stadium has a capacity of 94,000.
It will be for the FAs to work out who should receive these cheapest tickets from their fan base.
The men’s World Cup is FIFA’s main source of income every four years – with revenue of $13bn (£9.75bn) across the 2023-26 cycle.
It helps to fund expanding women’s and youth tournaments as well as draws, conferences and award ceremonies.
And this U-turn overshadowed one of their glitziest nights of the year – the FIFA Best awards in Qatar.
That was one FIFA event supporters couldn’t buy a ticket to – for any price.
The news shows how the organisation is continuing its weeks-long move to back away from using dynamic pricing for all 2026 World Cup tickets.
FIFA did not specify exactly why it so dramatically changed strategy, but said the lower prices are “designed to further support travelling fans following their national teams across the tournament”.
Prices for England’s fixtures at the tournament in the USA, Canada and Mexico were revealed last week, with the cheapest ticket for the final – should England, one of the home nations reach that stage – costing between $4,185 (£3,120) and $8,680 (£6,471) for members of the England Supporters’ Travel Club.
Outrage over such high prices was made worse due to co-hosts having pledged eight years ago to have hundreds of thousands of $21 (£15.64) tickets.
In another climbdown, FIFA has also announced that fans applying through the participating member association’s tickets allocation whose teams do not advance to the knockout phase will have the administrative fee waived when refunds are processed for unsuccessful applications.
Fan anger had intensified when it became clear that fans who wanted to reserve a ticket for all of their team’s potential games – through the final – would not get refunded if their teams didn’t make it to the final until after the tournament.