this post was submitted on 13 Mar 2025
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171
TSMC US investment: Fear and resignation after ‘world’s most powerful company’ pays Trump $100 billion. (lite.cnn.com)
submitted 23 hours ago* (last edited 23 hours ago) by [email protected] to c/[email protected]
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It was a surprise ceremony at the White House presided over by President Donald Trump to unveil a $100 billion investment from what he called the world’s most powerful company, Taiwan Semiconductor Manufacturing Company (TSMC).

But nearly 8,000 miles away, the mood was far from celebratory. Instead, the shock announcement last week has reignited fears in Taiwan about losing its crown jewel, its world-beating semiconductor industry, to the US due to political pressure.

The island democracy’s former President Ma Ying-jeou wasted no time in accusing the ruling Democratic Progressive Party (DPP) of “selling TSMC” to Trump as a “protection fee.”

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[–] [email protected] 92 points 23 hours ago (1 children)

The most openly blatantly venal attempt at an administration in the last 60 years at least... If not in the history of the US.

It is literally Mob (read: Mafia) Rule.

[–] [email protected] 4 points 20 hours ago

Just had a Black Sabbath flashback, Mob Rules. Must have been something in the acid.