| TSMC lost the Chinese market, because their government went along headfirst with US trade war policy(similar to what Japan did in 1986, but worse in fact).
Taiwan is definitely caught between a rock and a hard place. They watched what happened in Hong Kong and no longer is interested in rejoining Xi’s China. So now they are threatened with invasion unless they rejoin China. They are reliant on the US to prevent that’s from happening. So given the choices, it’s not surprising that they are choosing the US to continue existing.
It’s crazy to me that you haven’t see more divestments in China from Taiwanese companies.
Taiwan is definitely caught between a rock and a hard place. They watched what happened in Hong Kong and no longer is interested in rejoining Xi’s China. So now they are threatened with invasion unless they rejoin China. They are reliant on the US to prevent that’s from happening. So given the choices, it’s not surprising that they are choosing the US to continue existing.
It’s crazy to me that you haven’t see more divestments in China from Taiwanese companies.