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What I am confused about is how TSMC is not indirectly controlled by the US government or some American entitity. I’m not an expert in this field so my assumption what that the US would have a hold over chip manufacturing seeing how crucial the industry is. But it turns out that TSMC has some degree of autonomy as observed from this firing.
I wish there were was a comprehensive book or article about this because I’m very confused.
TSMC is an entirely independent company based in Taiwan province. While the while the ROC government is a majority shareholder, that doesn’t entitle the government any special command ability moreso than just any other majority shareholder of a corporation. The US is not an investor and doesn’t technically have a control over foreign corporations.
One thing I’ve never understood is how are Americans going to be afford electronics if they manufacture their own microchips?
Sounds like you’re thinking one step ahead, whereas the burgersoisie are tearing the copper pipes out the walls. Economic rents is where the money’s at, the reproduction of the system they’re milking be damned.
exactly
At a time when it would be in the best interest of the US ruling class to stop the trend of US losing ground to China and start competing this is very dumb, the short term logic of capitalism is fucking over capitalists once again.