Another great post!

Here's an idea. I don't see this ever happening, but I guess that's why it's a "tail" risk. If China was to invade Taiwan, then TSMC would go offline and the only way to manufacture high end logic chips will be via Intel since they are the only Western based manufacturer of any real scale.

I personally have a pair trade on where Intel and TSMC are equal weighted in my portfolio (I view them as a tax/royalty on technology growth and the digital transition). If TSMC goes to zero then Intel will >2X (probably a lot more than that) because they will be the only game in town (Samsung still exists, but they aren't a pure play like Intel and TSMC).