Xi warned Biden during summit that Beijing will reunify Taiwan with China
Xi warned Biden during summit that Beijing will reunify Taiwan with China
They didn’t move them, they’re just building them here so we don’t have to depend on threatened foreign land for the production. pr.tsmc.com/english/news/2977
Also SMIC (China’s chip manufacturer) is now also producing 7nm chips, even though they were sanctioned in 2020. That means they either had a breakthrough in the process or they obtained and were able to repair and operate/reverse engineer the incredibly complex TSMC fabs.
TSMC is just the end of a long supply chain of one-of-a-kind suppliers, all conveniently aligned with the West. TSMC does not make the lithography machines, the Dutch ASML is the only company that does (though they have some plants in the US now I think). Even so, ASML would be dead in the water without Swiss Zeiss optics.
The US’ strength was never autarky, but global trade. The reason the US economy is so resilient is because most US dollars are not in the US, but in reserves across the world. That means even the US currency is intertwined with global trade. If the US attempted autarky, it would collapse both the US and the world economy. That’s why Trump’s policies were beyond stupid by the way.