This essay argues that a meshing of the genealogical analysis proposed by critical geoeconomics with the critical (geo)political economy approach is well-equipped to expound on the proliferation of geostrategic thinking and practices in the contemporary era marked by the ‘great power rivalry’ or the ‘new Cold War’. To elaborate on this proposition, I examine the rise of global strategic-technologic competition centring on semiconductor production and Taiwan’s position and positioning in such dynamics.