Biggest and best chip maker in the world is in Taiwan. China wantsses its preciousssss...
From Tom's Hardware:
"We Must Seize TSMC" Urges Senior Chinese Economist
China's government has an intense craving to take control of TSMC, reveals a report shared by Bloomberg today. The financial news organization has published some alarming quotes from Chen Wenling, chief economist at the government-run China Center for International Economic Exchanges. In brief, Chen called on Chinese authorities to "seize TSMC" if the US and the West begin to implement Russia-war style sanctions on China. She was speaking at the Chongyang Institute for Financial Studies at Renmin University at the end of May.
On the university stage, Chen told attendees, "If the US and the West impose destructive sanctions on China like sanctions against Russia, we must recover Taiwan." However, the reasoning contained within this sentence is clearly topsy-turvy. The US and other democratic powers only imposed severe sanctions on Russia after it invaded neighboring Ukraine and refused to withdraw. It is expected very similar sanctions would be applied on Chinese interests worldwide if China invades Taiwan, but not if it maintains the status quo. It is curious why Ms. Chen has put the cart before the horse.
Wishful thinking. Nice source of hard revenue. Unfortunately, the infrastructure is so sensitive, the requirements for the clean room are so demanding that someone walking through with a burning highway flare would shut down their lines for at least six months if they could be brought back online at all.
China's homegrown efforts are where we were in about 2010 or so. Not bad but not good - we have come a long way.
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