Is TSMC a Good Idea?

TSMC has grown its capacity in Taiwan over the last two decades just as America's military advantages around Taiwan have been deteriorating. And so it's in some ways really the fault of the United States for failing to be able to keep deterrence in the Taiwan Straits effective. If there were a war, who would win? Today, it is not at all obvious that there were awar who would win. That uncertainty created by our decision to let our military advantages over China deteriorate, that's why we're concerned about production in Taiwan today.