Re:TSMC founder Morris Chang says globalization and free tra...
by thefounder on Thursday December 08, 2022 @02:11AM
(#33905122)
What exactly self sufficiency means if not less trade and less capital efficiency?
Whoever abandons the globalisation will find itself poorer. That was my whole point. And yeah, TSMC is a global/foreign company so that praised investment is part of the globalisation.
The moment U.S becomes protectionist against Taiwan you can say good bye to TSMC. TSMC in the U.S does not represent the death of globalisation. I would say on the contrary. U.S provided good incentives for TMSC and other GLOBAL players to manufacture in the U.S. When the incentives move somewhere else so the capital/factories(i.e see the exodus from China).
No matter how you spin it globalisation is here to stay regardless of what one big player does(i.e U.S or China).
Re:TSMC founder Morris Chang says globalization and free tra...
by carom on Thursday December 08, 2022 @03:07AM
(#33905510)
Less trade does not mean banning trade. The US doesn't need to become protectionist against Taiwan, China could establish a blockade in the South China Sea.
Whoever abandons the globalisation will find itself poorer. That was my whole point. And yeah, TSMC is a global/foreign company so that praised investment is part of the globalisation. The moment U.S becomes protectionist against Taiwan you can say good bye to TSMC. TSMC in the U.S does not represent the death of globalisation. I would say on the contrary. U.S provided good incentives for TMSC and other GLOBAL players to manufacture in the U.S. When the incentives move somewhere else so the capital/factories(i.e see the exodus from China).
No matter how you spin it globalisation is here to stay regardless of what one big player does(i.e U.S or China).