China's SMIC and Taiwan's TSMC are caught on opposite sides of the "Global Chip War." TSMC, despite having extensive commercial ties and fabs in the Mainland, is a beneficiary of U.S. efforts to stifle competition from Mainland competitors like SMIC. Geopolitical considerations, therefore, are increasingly influencing TSMC’s business decisions, as shown by TSMC’s construction of fabs in Japan and the United States despite founder Morris Chang’s longstanding opposition to overseas fabs due to their high costs. SMIC, meanwhile, is the Mainland’s best hope for creating a “red chip supply chain” and achieving 70% semiconductor self-sufficiency via domestic suppliers, which has taken on even more importance due to U.S. sanctions on advanced chips for AI model development. This article analyzes SMIC founder Richard Chang’s dream of building a red chip giant on the Mainland that can rival or even replace TSMC, which will directly conflict with Chang's former co-worker and fellow Taiwanese Morris Chang’s dream of solidifying TSMC and Taiwan’s position as the irreplaceable center of the semiconductor industry well into the 21st century.