TSMC-Trump Deal Makes Taiwan Even More Fearful of a US "Technology Transfer"; Officials Claim Taiwan Will Lose Its Status As The Dominant Chip Country
TSMC-Trump Deal Makes Taiwan Even More Fearful of a US "Technology Transfer"; Officials Claim Taiwan Will Lose Its Status As The Dominant Chip Country
According to a report by UDN, Taiwanese lawmakers have expressed that despite the TSMC deal with the US, there are no assurances that the US will exempt tariffs on Taiwan. Moreover, it is also claimed that the Trump administration has provided no guarantee of "security" from Taiwan's regional threats, which means that the TSMC deal is just a forced one. A technology transfer to the US would mark the start of a slow demise of Taiwan's chip industry, given that this segment is why Taiwan holds such immense importance in the eyes of global powers.
This is a mafia style shakedown.
As I said a week ago in similar news - Taiwan's gonna learn a hard lesson in free trade. Not too dissimilar to the lesson we (Canada) and the EU are learning. Just with potentially even more severe consequences.