So much for TSMC’s Arizona expansion and Intel’s foundry plans.
Repatriate and give them sme tax credit.
I don’t understand why they would care to move the money out of the countries where they earned that money and are likely to be expanding more than they are in the U.S. anyways.
> Earlier this year, he said: "Disabling or destroying TSMC is table stakes if China is taking over Taiwan. Would we be so insane as to allow the world's key semiconductor company [to] fall untouched into the hands of an aggressive PRC? Taiwanese should realize that would be the least of their problems."
> Earlier this year, the US Secretary of Commerce Gina Raimondo told the House Appropriations Committee that a hypothetical Chinese invasion of Taiwan and seizure of TSMC would be “absolutely devastating” for the United States.
> She said that “the United States buys 92 percent of its leading edge chips from TSMC in Taiwan,” meaning any disruption to that supply chain would have a significant impact on the US economy
https://www.datacenterdynamics.com/en/news/trumps-undersecre...
Its really the mood of the given day of one man, known for his wild emotional swings which rule most if not all of his decisions. Everybody understood the game quickly, leading people on all sides are not stupid in these matters. The rest are just official PR statements 'to keep face'.
https://www.state.gov/u-s-relations-with-taiwan/
The United States’ approach to Taiwan has remained consistent across decades and administrations. The United States has a longstanding one China policy, which is guided by the Taiwan Relations Act, the three Joint Communiques, and the Six Assurances. We continue to have an abiding interest in peace and stability across the Taiwan Strait. We oppose any unilateral changes to the status quo from either side. We expect cross-Strait differences to be resolved by peaceful means, free from coercion, in a manner acceptable to the people on both sides of the Strait. Consistent with the Taiwan Relations Act, the United States makes available defense articles and services as necessary to enable Taiwan to maintain a sufficient self-defense capability – and maintains the capacity to resist any resort to force or other forms of coercion that would jeopardize the security, or the social or economic system, of the people on Taiwan.
Keep in mind, that if we go to war with China, they'll probably have to reinstate the draft.
because if you look at Big Law, investment banking, or private equity, there are a lot of highly-educated Americans who are willing to work as hard as anyone on earth.
so it's got to be something about TSMC's recruiting pipeline, or perhaps what motivations the Americans who get educated for the skills they need have, rather than specifically American laziness.
The real theme of the post-08 crash is "no one wants to pay americans anymore". And it's only been spreading from industry to industry as the billionaires figure out how to cut american labor but benefit from american consumerism.
There are no solutions; only trade-offs. And the US, like many first world countries, has picked trade-offs that raise the average COL.
We could arrest pretty much all cost of living growth if all renters (both businesses and individuals) just decided not to continuously agree to pay higher prices for the same land/apartments/buildings.
Yes wages might go up (someone who can use Sharepoint[0] is probably more efficient than someone who can use a physical filing system) but you need far fewer people to do it. So costs can still go down.
> We could arrest pretty much all cost of living growth if all renters (both businesses and individuals) just decided not to continuously agree to pay higher prices for the same land/apartments/buildings.
I agree that most of cost of living is housing-related, but rent price increases are a function of population increasing faster than housing. That's the thing to address.
[0] or something good
> I agree that most of cost of living is housing-related, but rent price increases are a function of population increasing faster than housing. That's the thing to address.
Yes we should build a whole lot more and it will slow residential price growth, but no, in general this will not actually reduce the cost of living. For example, this doesn't address the increased competition (i.e. increased prices) for commercial spaces, which gets baked into every coffee, garment, or meal you purchase.
America does have cost disease, but it’s from more than just politicians spending too much. It’s also things like NIMBYs restricting housing supply or the insane bureaucratic explosion in health care.
>So likely no great loss for hem.
This I agree with. This whole tariff deal was supposed to encourage this exact behavior. Have more foreign companies setup on american soil so they can provide american jobs. So we arguably lose out a lot more on this action.
Arizona fab has had top notch quality, out-pacing Taiwan's yields. https://www.tomshardware.com/tech-industry/semiconductors/ts...
They're making 4nm chips too now, doing fine. https://www.tomshardware.com/tech-industry/semiconductors/ts...
https://www.nytimes.com/2024/12/29/business/tsmc-phoenix-tai...
Thus depriving Taiwan of its much-needed intellectual and human capital to sustain its Silicon Shield defence strategy.
I frequently browse social media sites that are popular among the Taiwanese, and my impression is that they are generally unhappy about this state of affairs, seeing it as an act of economic coercion from the US.
Welcome to how rest of the world feels like now
If you're European or Canadian, welcome to the club.