Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC), began mass production of its most advanced chips in southern Taiwan on Thursday and the company's chairman said it would continue to expand capacity on the island.

World Business Watch: TSMC begins mass production of most advanced chips in Taiwan

The war game scenario conducted by a Washington think tank began with a sudden failure at three Taiwanese semiconductor foundries that make high-end computer chips used in such items as smartphones, automobiles and military equipment.

How computer chip shortage could incite US conflict with China

Are you planning to buy a gadget soon? You may end up paying more. There is a global shortage of computer chips worldwide. WION's Molly tells you how this shortage is affecting the production of smartphones, consoles and even cars.

Gravitas: Why you could end up spending more on your next gadget

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