There was a report that TSMC admitted, albeit long ago already, that it made a massive mistake setting up a high end chip manufacturing facility in Arizona, after being lured by the subsidies being trotted out by Biden of US$52 billion.
In order to be eligible for the subsidies, TSMC must disclose sensitive information on production volume, client information and technological blueprints to the USA, on top of not being allowed to expand its production facilities in mainland China for ten years, plus other restrictions. In other words, it is as good as saying goodbye to the Chinese market for good, which TSMC can ill afford. TSMC found out too late the problems it encountered, and will continue to encounter in its Arizona plant.
It is reported that TSMC, if true, has now also decided not to apply for those subsidies, which is a shock move for Biden. The USA will now not be able to steal the high end technology from TSMC, but rest assured there will be consequences. TSMC's investments in Arizona has now grown to US$43 billion, with more to come.
Another move that TSMC is now reported to be making is building its first chip manufacturing facility in Japan, partnering Sony. Whatever, that still needs the Chinese market, which is going to be gone once China is self dependent. So, who are they selling all the chips to, competing with each other. Soon they will be competing with MacDonalds and Kentucky Friend Chicken among others in terms of pricing.
Anonymous
TSMC's move to Japan clearly indicates that Taiwan, under the rule of the fake Taiwanese aka traitors, are selling out the country to the Japanese.
ReplyDeleteWhy is Japan so dead beat about defending Taiwan against China, telling us that the Japs are coveting Taiwan. The sneaky Japs are urging for war between the USA and China, hoping to pick up the spoils if China fails to take Taiwan, enabling the Japs to be given the emperor's edict to rule. Fat hope.
Japan already carried out two sneak attacks to gain an advantage during the Russo/Japanese War and WW2. The Japanese carried out a sneak attack against the Russian Eastern Fleet at Port Arthur on 27th January 1904, a prelude to Russia's defeat. The second sneak attack was against the USA on Pearl Harbour on 7th December, 1941, the precursor to the Japanese defeat in WW2.
China must watch the Japanese very carefully against such a sneak attack happening, especially their carriers and naval fleet. Remember, the Japanese are re-arming themselves very aggressively. We do not have to guess what their intentions are. The close proximity of Japan to the Chinese mainland makes such a move even more dangerous for China not to be vigilant. China must watch the USA closely, but must keep an even closer eye on the Japs.
Japan is hoping to regain its pole position as a military power by fixing the Americans to fight the Chinese, with both destroying each other. Japan would then be the next super power once again.
ReplyDeleteIndian Government Arm Twists Chinese Mobile Phone Manufacturers to Appoint Indians as Bosses
ReplyDeleteThe Indian government has asked Chinese mobile phone manufacturers to induct Indian equity partners in their local operations, said three executives who attended meetings at which the matter was conveyed.
The Chinese companies have also been asked to appoint Indian executives in key roles such as chief executive officer, chief operating officer, chief financial officer and chief technical officer, said the three people cited above.
Top government officials communicated these issues to Chinese firms including Xiaomi, Oppo, Realme and Vivo as well as the India Cellular and Electronics Association (ICEA) at recent meetings held by the ministry of electronics and information technology (MeitY). ICEA is the manufacturers' lobby group.
An industry executive said since electronics manufacturing has been a big job creator and can enhance the skillsets of a large number of people, the government has asked the Chinese firms to start employing Indians for replaceable skills.
Meanwhile in Singapore, top jobs are going to . .
The Chinese companies should follow DBS India, everyone from the CEO down is Indian. Not sure if there is a key Singaporean in charge to make sure it still belongs to Singapore.
ReplyDeleteMight as well hand them the keys to the companies, all the Chinese go home, and let the Indians have the companies to call it their own.
They are asking the Chinese to build the companies for them to take over, lock, stock and barrel. They think the Chinese are that stupid, put their good money in India and let the Indians have them for free.
ReplyDeleteThe Indians just did that to Wistron, a key parts manufacturer for Apple in India. Wistron decided to close down its operation in India and relocating to China.
ReplyDeleteOnly silly people invest in India. And when got robbed or sodomised, they look the other way and pretend nothing happens. As long as the building is still there, the company is still there, just pretend that it still belongs to them when the Indians have already stolen it from them.
ReplyDeleteCan you believe it, that there are such silly people? But then, who cares. OPM what. Not their own money.
NTUC . .
ReplyDeleteWould anyone in his right mind would take $100b, give it to the Indians to set up a bank and hire all the Indians to run it? And they stay happily in Singapore hoping that the Indians would be honest, would not cheat them, and not run the bank for themselves and their relatives?
ReplyDeleteIndia has a brilliant idea in filling its coffers when it run short. All they needed to do is to pick some big foreign companies and charge them with tax evasion.
ReplyDeleteThe latest victim is China mobile phone manufacturer XIaomi being fined hundred of millions dollar.
Even news media aren't spared with BBC targeted for tax charges after running a story about PM Modi's role in fhe massacre in Gujerat when he was chief minister of the state.
The brilliant idea came from their master, the Americans. The Americans have also been making billions fining their foreign banks.
ReplyDeleteHave not the stupid people woken up from this kind of crimes committing by governments against enterprises, and still want to invest in India?
Some already too deep in India, with billions or trillions invested and got robbed until no pants left, but pretending everything is fine. With so much funds trapped in India, no chance to get out without losing everything. So pretending all is fine, keep pumping more money into India and called it long term investment, and don't look at it, don't want to know. After all it is OPM.
When are all the Chinese companies going to pull out of India? Apple and its supplier companies, including Foxconn are having second thoughts and cutting losses.