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China says Taiwan seeks to give away chip industry to US

Daniel Nenni

Daniel Nenni

Admin
Staff member
Illustration picture of semiconductor chips

Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

BEIJING, Feb 26 (Reuters) - China said on Wednesday that Taiwan was seeking to give away the island's semiconductor industry to the United States as a "souvenir" and leverage it to seek political support from Washington.

U.S. media have said Taiwan Semiconductor Manufacturing Co , the world's largest contract chipmaker and a major supplier to companies such as Apple and Nvidia , has been in talks for a stake in Intel.

Neither TSMC nor Intel has confirmed the reports and Taiwan's government says it has not received information about any overseas investment application from TSMC.

U.S. President Donald Trump has criticized Taiwan for taking away American semiconductor business, saying he wants the industry to manufacture more in the United States.

Speaking at a regular news conference in Beijing, Zhu Fenglian, spokesperson for China's Taiwan Affairs Office, said, without offering evidence, that people in Taiwan were concerned TSMC could become "United States Semiconductor Manufacturing Co".

"In order to seek selfish gain, the Democratic Progressive Party authorities have freely made demands from external forces, using Taiwan's semiconductor industry and powerful companies to get a foot in the door to relying on foreign countries to seek independence, and even give them away as souvenirs," Zhu said, referring to Taiwan's ruling party.

While China claims democratically governed Taiwan as its own territory, despite the strong objections of the government in Taipei, Beijing has no say in foreign investment approval decisions by Taipei.

Zhu said Taiwan was trying to "sell out" Taiwanese companies.

"This sort of shameless selling out of Taiwan is in actuality pandering to the United States," she said.

Neither Taiwan's Mainland Affairs Council nor TSMC immediately responded to requests for comment.

The United States is Taiwan's most important international backer and arms supplier, though it does not formally recognize the island's government.

www.marketscreener.com

China says Taiwan seeks to give away chip industry to US

China said on Wednesday that Taiwan was seeking to give away the island's semiconductor industry to the United States as a souvenir and leverage it to seek political support from Washington. ...
www.marketscreener.com
 
Daniel Nenni said:
Illustration picture of semiconductor chips

Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

BEIJING, Feb 26 (Reuters) - China said on Wednesday that Taiwan was seeking to give away the island's semiconductor industry to the United States as a "souvenir" and leverage it to seek political support from Washington.

U.S. media have said Taiwan Semiconductor Manufacturing Co , the world's largest contract chipmaker and a major supplier to companies such as Apple and Nvidia , has been in talks for a stake in Intel.

Neither TSMC nor Intel has confirmed the reports and Taiwan's government says it has not received information about any overseas investment application from TSMC.

U.S. President Donald Trump has criticized Taiwan for taking away American semiconductor business, saying he wants the industry to manufacture more in the United States.

Speaking at a regular news conference in Beijing, Zhu Fenglian, spokesperson for China's Taiwan Affairs Office, said, without offering evidence, that people in Taiwan were concerned TSMC could become "United States Semiconductor Manufacturing Co".

"In order to seek selfish gain, the Democratic Progressive Party authorities have freely made demands from external forces, using Taiwan's semiconductor industry and powerful companies to get a foot in the door to relying on foreign countries to seek independence, and even give them away as souvenirs," Zhu said, referring to Taiwan's ruling party.

While China claims democratically governed Taiwan as its own territory, despite the strong objections of the government in Taipei, Beijing has no say in foreign investment approval decisions by Taipei.

Zhu said Taiwan was trying to "sell out" Taiwanese companies.

"This sort of shameless selling out of Taiwan is in actuality pandering to the United States," she said.

Neither Taiwan's Mainland Affairs Council nor TSMC immediately responded to requests for comment.

The United States is Taiwan's most important international backer and arms supplier, though it does not formally recognize the island's government.

www.marketscreener.com

China says Taiwan seeks to give away chip industry to US

China said on Wednesday that Taiwan was seeking to give away the island's semiconductor industry to the United States as a souvenir and leverage it to seek political support from Washington. ...
www.marketscreener.com
Click to expand...

Chinese Communist Party (CCP) and its supporters act and talk like Mafia or gangsters. They like to comment on or look down those things they don't own or have no rights to access.

It's like calling your next door neighbor to demand that they should eat less noodles, drink more milk, send their youngest daughter to a private high school, and subscribe to Disney movie channel.
 
hist78 said:
Chinese Communist Party (CCP) and its supporters act and talk like Mafia or gangsters. They like to comment on or look down those things they don't own or have no rights to access.

It's like calling your next door neighbor to demand that they should eat less noodles, drink more milk, send their youngest daughter to a private high school, and subscribe to Disney movie channel.
Click to expand...

I have to say, from both China's perspective on US and the US view of China, it seems they're both playing the same game under the guise of protectionism. It's funny to pretend there's some 'noble' side to it. :ROFLMAO:

Also, sorry for TSMC, it turns out that a liberal democratic international company is just some food and children's entertainment channel in some people's eyes. ;)
 
hasty2333 said:
I have to say, from both China's perspective on US and the US view of China, it seems they're both playing the same game under the guise of protectionism. It's funny to pretend there's some 'noble' side to it. :ROFLMAO:

Also, sorry for TSMC, it turns out that a liberal democratic international company is just some food and children's entertainment channel in some people's eyes. ;)
Click to expand...
the US buys tons of tech and wants to have Fabs to balance it out and have local advanced tech
China buys tons of tech and wants to have Fabs to balance it out and have local advanced tech

TSMC actually does high tech cost effectively and the other countries want their cut of the profits...

China, republicans, and democrats make threats against Taiwan and TSMC to get what they want. :LOL::ROFLMAO::LOL::ROFLMAO:
 
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