Why? Because they could not compete with all these companies. TikTok, with 150 million followers in the USA, is competing well with the likes of Facebook, Twitter, Instagram etc. Meta is falling apart. Twitter under Elon Musk is facing trouble with his revelations about Biden and his son, and for putting Trump back into twittering mode again before 2024.
Likewise, in the chip manufacturing business, USA manufacturers are not in the forefront of high end chip innovation and manufacturing. TSMC and Samsung have overshadowed them. So, what to do? Lure them to the USA, steal their technology, kill them from competing by putting a leash over them for good.
TSMC's Morris Chang is already deeply regreting his move to Arisona and building a plant there. His fellow Taiwanese workers, seconded to the USA, are facing problems with the work attitudes of non-Taiwanese workers, who are not used to the same working environment as in Taiwan. Taiwanese are used to working long hours, but not the Whites and other non-Taiwanese, thus creating friction between them. Despite being paid double what they get in Taiwan to lure them over, some Taiwanese workers are regreting their move to Arizona. Too late to regret.
Moreover, TSMC now realises that the subsidies given by the USA Government favours the USA chip makers like Intel, Micron, Nvidia etc more than TSMC and Samsung. TSMC should have heeded the warning given by Trump earlier of his 'America First' policy and now equally applied by Biden as well. Remember, the whole USA administration, whether Republicans or Democrats are basically the right and left hand of the Deep State. Both Parties cannot vary their policies too far apart. Moreover, it is USA big oil, big pharma, big tech that provided big funding for the campaigns of USA Presidents, and they invariably control the one sitting in the White House.
Anonymous
When they admit that they lie, cheat and steal, better believe that.
ReplyDeleteThey created the Chip Alliance to enable them to stealthily steal the technology from TSMC and Samsung, the two frontrunners in the high end chip manufacturing hierachy. Their intention of forcing TSMC to give them sensitive internal documents pertaining to chip innovation and manufacturing is very sinister.
One thing is certain. Where they cannot compete they use underhand tactics to bring down the competition. And the USA is really bringing down the Germans and the EU by running them into the ground.
After all, the Euro was also a competing currency for world hegemony and the USA is not waiting for it to gather a competitive advantage. The Ukraine War put paid to the ambitions of the Euro, that Saddam Hussein was planning to deal with in the oil trade, and was therefore taken down and paid the ultimate price.
The Association of Southeast Asian Nations (ASEAN) is set to discuss dropping the US dollar, euro, yen and pound sterling from transactions and moving to settlements in local currencies, according to the news magazine Tempo.
DeleteIndonesian President Joko Widodo has urged regional authorities to abandon Visa and Mastercard payment systems and start using credit cards issued by local banks. Moving away from Western payment systems is necessary to protect transactions from “possible geopolitical repercussions,” Widodo said.
- about time some Asean members lead the way to protect themselves from those who admit they lie, cheat and steal.