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.”

  • LupusBlackfur@lemmy.world
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    20 hours ago

    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.

    • lemmy689@lemmy.sdf.org
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      17 hours ago

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

  • Montagge@lemmy.zip
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    20 hours ago

    “Though the $100 billion investment seems massive, the lack of details provides the flexibility for spending based on future conditions, softening the impact on profitability,” Kuo wrote.

    Lol what?

    Yeah we’ll invest $100 billion if you’ll shut up.

    Invest in what?

    I don’t know. Stuff I guess?

  • commander@lemmy.world
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    20 hours ago

    But will 100 billion actually be spent and if so will it be spent to anything cutting edge by completion

    • boreengreen@lemm.ee
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      17 hours ago

      It will be something. Just not the latest stuff. Also it will remain dependent on processes happening in Taiwan.

    • halcyoncmdr@lemmy.world
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      17 hours ago

      If I remember right, TSMC requires their highest capability fabs to be in Taiwan, anything international must be less capable.

      • Glitchvid@lemmy.world
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        16 hours ago

        Mostly we need advanced packaging built out stateside, all the most advanced SoCs have to go elsewhere to be built into their final configuration.