The world's top chipmakers can flip a 'kill switch' should China invade Taiwan, Bloomberg reports

• Chip makers ASML and TSMC can disable advanced chipmaking machines remotely, Bloomberg reports.
• The move addresses growing fears of a Chinese invasion of Taiwan, a key semiconductor producer.
• A China-Taiwan conflict could severely impact the global economy.

Two of the world's most important chip companies can flip a "kill switch" remotely on their most advanced chipmaking machines should China invade Taiwan, Bloomberg reported on Tuesday, citing people familiar with the matter.