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by boudin
2227 days ago
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This approach will only have impact in short term. You can be sure that TSMC is working behind the scene to create a legal entity to work around this legislation and get one of its main customers back. There's just 2 potential outcomes:
- TSMC having found a way to workaround that restrictions and gaining back Huwaeï
- China being forced to quickly gain the same level of expertise In both situation the outcome is even less control for the US. |
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China has proven it won't play by the rules, so let's make it compete on its own with its own resources. Given their dependence on imports for food and energy, exports and bottomless debt for the rest of their economy, for all its size China is not positioned to be cut off from the global economy and remain competitive.