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Economist says China must seize TSMC if the US tightens sanctions:
The importance of the Taiwan Semiconductor Manufacturing Company, better known as TSMC, to the global economy cannot be understated. The world's largest chip manufacturer has a 54% share of the global chip market, which makes an economist's call for China to seize TSMC if the US imposes harsh sanctions on the country all the more concerning.
Bloomberg reports that Chen Wenling, chief economist at the government-run China Center for International Economic Exchanges, said, "If the US and the West impose destructive sanctions on China like sanctions against Russia, we must recover Taiwan."
Chen singled out TSMC in the speech at the Chongyang Institute for Financial Studies at Renmin University last month. "Especially in the reconstruction of the industrial chain and supply chain, we must seize TSMC," she added.
TSMC is reportedly set to build six chip fabs in the US, though it has announced just one so far. "They [TSMC] are speeding up the transfer to the US to build six factories there," Chen said. "We must not let all the goals of the transfer be achieved."
Chen does talk about the scenario only taking place if the US hit China with Russia-like sanctions, which were put in place after it invaded Ukraine. Taiwan has long said it is an independent nation, while China insists it is part of its territory and has no qualms about using force to bring it under control.
(Score: 5, Insightful) by Opportunist on Thursday June 09 2022, @03:36PM (6 children)
Actually, it should say "Chinese spindoctor says what Chinese government wants to broadcast".
(Score: 2) by DeathMonkey on Thursday June 09 2022, @05:46PM (2 children)
It's weird they're putting so much analysis into what is obviously a very simple direct threat.
China says "If you sanction use we're gonna take Taiwan." The End
(Score: 2, Touché) by Anonymous Coward on Thursday June 09 2022, @06:46PM (1 child)
If you sanction us we're going to try to take Taiwan.
(Score: 1, Funny) by Anonymous Coward on Thursday June 09 2022, @07:13PM
Which would justify more sanctions. The circle of life.
(Score: 1, Insightful) by Anonymous Coward on Thursday June 09 2022, @05:46PM (1 child)
If this is "tentative, plausibly-deniable, testing of the waters by the Chinese government," that that makes this MORE significant news, not less.
(Score: 0) by Anonymous Coward on Thursday June 09 2022, @06:48PM
If they're testing the waters I hope their soldiers can swim.
(Score: 2) by tangomargarine on Friday June 10 2022, @06:39AM
There's something strangely poetic in all these "independent" pronouncements when it's clear that the entire world knows that they're being told exactly what to say by the Chinese government...they know it's a lie, we know it's a lie, they know we know it's a lie, yet they do it anyway.
Hail Eris
"Is that really true?" "I just spent the last hour telling you to think for yourself! Didn't you hear anything I said?"