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Why China won't invade Taiwan

Chinese Whispers

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The Risk of TSMC's Collateral Damage

The American Chips Act has led to subsidies for TSMC to establish a plant in Arizona at the cost of $40 billion. Mainland China tried to replicate what TSMC has been doing in Taiwan since 1987 when they established SMIC on exactly the same model, kind of an industrial park. It's not an easy thing to do. And it is a geopolitical and perhaps inevitable geopolitical investment.

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