Smart move. Never give away your bargaining chip to the US. They will not reward you for it.
this post was submitted on 10 Nov 2024
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CHIPS was always going to be a giveaway for nothing. It reminds me of that FoxConn CEO's quote about the fact that the US could pay them to fab in America but nothing would actually come of it. Then they just dropped that $10B Wisconsin project as soon as possible.
That was under Trump. Biden literally saw this and doubled down thinking that TSMC would roll over.
The shill ops around chips act taxpayer charity was strong...
National Security, jobs, you don't understand peasant this is 69d chess move
And it actually worked normies LARPed it but Intel is a failing company and TSMC appearing to not willing to off-share their ace in geopolitical chess lol
Endless State aid and nothing to show for it.
We should bail out boeing y'all because it isn't national pride
I think that's fine. The whole point of getting TSMC to start manufacturing in the US was to ensure that Taiwan wasn't the only place making the chips the world is using considering China has been actively threatening to take Taiwan back for decades. If TSMC can be sustainable in the US and other countries, even if Taiwan falls off the map, the technology is not China's alone. If I were TSMC, I would be trying to build plants in Australia and in Europe and South America to diversify and secure preservation should worse come to worst.
TSMC doesn't care about preserving anything. The chips being made in Taiwan is their ace card in getting western support. If they ever started making cutting edge fabs elsewhere then their importance to the west would fizzle.
It still serves as an unsinkable aircraft carrier off the coast of China
There's some truth to that, but realistically speaking I think the window of opportunity on that has closed now. The US has lost every one of their own war games against China in South China Sea. So, if China decided to take military action there's little the US can do short of starting a nuclear war.