Uploaded June 2026 | Updated September 2026, 2 weeks ago
In mid-June, the U.S. Senate Committee on Armed Services approved provisions of the National Defense Authorization Act for Fiscal Year 2027 (NDAA), restructuring its regional defense framework and incorporating Taiwan and the Philippines into the First Island Chain Security Cooperation Initiative, according to reports. The move marks a shift in treating the two as separate defense entities and replaces the previous Taiwan Security Cooperation Initiative.
In mid-June, the U.S. Senate Committee on Armed Services approved provisions of the National Defense Authorization Act for Fiscal Year 2027 (NDAA), restructuring its regional defense framework and incorporating Taiwan and the Philippines into the First Island Chain Security Cooperation Initiative, according to reports. The move marks a shift in treating the two as separate defense entities and replaces the previous Taiwan Security Cooperation Initiative.




![EP088 - The Correction, Explained
Picture a single number thats supposed to tell you how excited Wall Street is about artificial intelligence right now. Thats basically what the Philadelphia Semiconductor Index is — its a basket of the biggest US chipmakers, and it moves up when AI hype is hot and down when its not. Last Friday, that index dropped ten percent. In one day. Thats not a bad day — thats the kind of move you usually only see during an actual crash. And on Monday, Taiwan got hit first, and hardest. The Taiex plunged more than two thousand six hundred points, and TSMC — the company that quietly builds the chips inside almost every AI product on the planet — had its biggest single-day price drop ever [VERIFY SUPERLATIVE]. Sounds like the bubble just popped, right? Except — by Friday, Taiwans market had already clawed almost all of it back. So what actually happened — which is exactly what were looking at this week. EP088 - The Correction, Explained](https://i.ytimg.com/vi/Ir8ghCv823g/mqdefault.jpg)





