The Chinese leader's message in San Francisco got the attention of U.S. officials because it was delivered at a meeting that was intended to reduce tensions.
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.
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.
Zeiss is German. The Semiconductor supply plant is in Oberkochen.