• VentraSqwal@links.dartboard.social
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    1 year ago

    Thank God they’re finally building some chip plants here. The fact that our whole economy depends on some foreign island next to a huge country that has always hustorically threatened to take it back is insane to me. Although I think we should have more manufacturing in the homeland in general. Thanks capitalism, for off shoring manufacturing for the last many decades -_-

    • maynarkh@feddit.nl
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      1 year ago

      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.

    • Rolder@reddthat.com
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      1 year ago

      It’s a pretty interesting story where Taiwan decided to invest enormously into chip production so they could use the economic benefits to shield themselves from China. Worked pretty well eh