Skip to content
Do you have adblock enabled?
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Yahoo)   Taiwan Semiconductor to invest $40 billion in U.S. manufacturing, or almost one Twitter   (yahoo.com) divider line
    More: Spiffy, President of the United States, Investment, United States, Wafer, Foreign direct investment, Arizona plant of TSMC, President Joe Biden, Democratic Party  
•       •       •

268 clicks; posted to Business » on 06 Dec 2022 at 7:15 AM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



26 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-12-06 6:09:53 AM  
That's a bribe.
 
2022-12-06 7:32:50 AM  
Better start the paperwork for Superfund site now...
 
2022-12-06 7:35:48 AM  

Bluenosed Baker: Better start the paperwork for Superfund site now...


Wow! A NIMBY in only two tries! How bloody American!
 
2022-12-06 7:38:38 AM  
That would be 0.9 Twitters

// all you zombies tweet tweet tweet
Sleaford Mods - Tweet Tweet Tweet
Youtube XHMqEsXp96M
 
2022-12-06 7:39:20 AM  
They're expanding in Arizona.  How will that impact the water supply?
 
2022-12-06 7:40:04 AM  

NewportBarGuy: That's a bribe.


How so?
 
2022-12-06 7:53:06 AM  

Muta: NewportBarGuy: That's a bribe.

How so?


"Here's $40B... make sure you defend our island home."

We're onshoring a ton of production which will come online in 10-20 years. There's no need for them to do that. It's a gigantic gift for congressional support in case their island gets invaded.

Just my opinion. I'm sure their are business reasons, but it just strikes me as a very elaborate bribe.
 
2022-12-06 8:01:40 AM  

NewportBarGuy: Muta: NewportBarGuy: That's a bribe.

How so?

"Here's $40B... make sure you defend our island home."

We're onshoring a ton of production which will come online in 10-20 years. There's no need for them to do that. It's a gigantic gift for congressional support in case their island gets invaded.

Just my opinion. I'm sure their are business reasons, but it just strikes me as a very elaborate bribe.


It's also in the US interest to have domestic chip production.
 
2022-12-06 8:03:27 AM  

NewportBarGuy: Muta: NewportBarGuy: That's a bribe.

How so?

"Here's $40B... make sure you defend our island home."

We're onshoring a ton of production which will come online in 10-20 years. There's no need for them to do that. It's a gigantic gift for congressional support in case their island gets invaded.

Just my opinion. I'm sure their are business reasons, but it just strikes me as a very elaborate bribe.


No it isn't.  The US would have defended them in the event of an invasion regardless of whether they build the plant or not.

Most likely, TSMC is just taking advantage of the CHIP Act.
 
hej
2022-12-06 8:05:50 AM  

NewportBarGuy: Muta: NewportBarGuy: That's a bribe.

How so?

"Here's $40B... make sure you defend our island home."

We're onshoring a ton of production which will come online in 10-20 years. There's no need for them to do that. It's a gigantic gift for congressional support in case their island gets invaded.

Just my opinion. I'm sure their are business reasons, but it just strikes me as a very elaborate bribe.


Considering how big they are, keeping more of their production in Taiwan would give much more incentive for other nations to help them if they were ever attacked, lest semiconductor supply become even tighter.
 
2022-12-06 8:07:35 AM  

Muta: No it isn't.  The US would have defended them in the event of an invasion regardless of whether they build the plant or not.


You really believe that?

Wow. OK then.

We won't, and they know that. I think everyone knows that. We'll do sanctions and stuff, but we're not going to war with China on a civil dispute over the last vestiges of the Chinese Civil War.
 
2022-12-06 8:14:47 AM  

hej: NewportBarGuy: Muta: NewportBarGuy: That's a bribe.

How so?

"Here's $40B... make sure you defend our island home."

We're onshoring a ton of production which will come online in 10-20 years. There's no need for them to do that. It's a gigantic gift for congressional support in case their island gets invaded.

Just my opinion. I'm sure their are business reasons, but it just strikes me as a very elaborate bribe.

Considering how big they are, keeping more of their production in Taiwan would give much more incentive for other nations to help them if they were ever attacked, lest semiconductor supply become even tighter.


Yeah, I read this as the USA actually admitting they aren't sure they can protect Taiwan, so they are patriating some Taiwanese critical infrastructure. Also, they are doing it before another country like Canada or Mexico do it and make the USA trade for chips through the USMCA.
 
2022-12-06 8:17:58 AM  

NewportBarGuy: I'm sure their are business reasons


The US doesn't lockdown for pandemics, and unfortunately that part of the world had already gone through SARS and swine flu long before we got to Covid (technically SARS was a Covid virus closely related to Covid-19).  It's reasonable to anticipate that there will be more pandemics.
 
2022-12-06 8:20:07 AM  

NewportBarGuy: Muta: No it isn't.  The US would have defended them in the event of an invasion regardless of whether they build the plant or not.

You really believe that?

Wow. OK then.

We won't, and they know that. I think everyone knows that. We'll do sanctions and stuff, but we're not going to war with China on a civil dispute over the last vestiges of the Chinese Civil War.


No.  We won't go to war.  We'll assist Taiwan the same way we're assisting Ukraine.  From all observations in eastern Europe, that should be more than sufficient.  By law, we have to.
 
2022-12-06 8:43:29 AM  
Another data point about this from a geopolitical standpoint, TSMC already has manufacturing facilities in Shanghai and Nanjing.  I don't know what you can make out of that besides maybe TSMC just saw it as a business opportunity and nothing more.

They also own the 2nd largest foundry in the US in Camas, WA.
 
2022-12-06 8:53:09 AM  

Muta: NewportBarGuy: Muta: No it isn't.  The US would have defended them in the event of an invasion regardless of whether they build the plant or not.

You really believe that?

Wow. OK then.

We won't, and they know that. I think everyone knows that. We'll do sanctions and stuff, but we're not going to war with China on a civil dispute over the last vestiges of the Chinese Civil War.

No.  We won't go to war.  We'll assist Taiwan the same way we're assisting Ukraine.  From all observations in eastern Europe, that should be more than sufficient.  By law, we have to.


If China knew for a fact that the US wouldn't get directly involved they probably would have tried taking it already.

I don't see the US going in and trying to occupy China, but I could see us sinking their navy and blowing up a shiat ton of jets then trying to negotiate a ceasefire.  We'd have to do more for Taiwan than Ukraine because we want to keep on good terms with South Korea, Japan and increasingly Vietnam.
 
2022-12-06 8:54:34 AM  

Muta: NewportBarGuy: Muta: NewportBarGuy: That's a bribe.

How so?

"Here's $40B... make sure you defend our island home."

We're onshoring a ton of production which will come online in 10-20 years. There's no need for them to do that. It's a gigantic gift for congressional support in case their island gets invaded.

Just my opinion. I'm sure their are business reasons, but it just strikes me as a very elaborate bribe.

No it isn't.  The US would have defended them in the event of an invasion regardless of whether they build the plant or not.

Most likely, TSMC is just taking advantage of the CHIP Act.


Good. The whole point of the CHIP Act is onshoring manufacturing.
 
2022-12-06 9:12:41 AM  
The only difference is the semiconductor plant will make money
 
2022-12-06 9:32:11 AM  
How is this not insider trading for Warren Buffett. The 0.1% aren't even trying to hide this stuff anymore. His billion dollar investment was less than a week ago.
 
2022-12-06 9:39:18 AM  

cretinbob: That would be 0.9 Twitters

// all you zombies tweet tweet tweet
[Youtube-video https://www.youtube.com/embed/XHMqEsXp96M]


It was 0.9 Twitters a few months ago.  Now, it's like 3.1 Twitters.
 
2022-12-06 9:45:43 AM  

GardenWeasel: Muta: NewportBarGuy: Muta: NewportBarGuy: That's a bribe.

How so?

"Here's $40B... make sure you defend our island home."

We're onshoring a ton of production which will come online in 10-20 years. There's no need for them to do that. It's a gigantic gift for congressional support in case their island gets invaded.

Just my opinion. I'm sure their are business reasons, but it just strikes me as a very elaborate bribe.

No it isn't.  The US would have defended them in the event of an invasion regardless of whether they build the plant or not.

Most likely, TSMC is just taking advantage of the CHIP Act.

Good. The whole point of the CHIP Act is onshoring manufacturing.


In which case the real headline is, "Taiwan company takes billions in US government aid".
 
2022-12-06 10:09:30 AM  

badplaid: How is this not insider trading for Warren Buffett.


First you have to prove that he had non-public material information about TSMC.  Second, you have to prove that this material, non-public information (a $40B investment by TSMC in an Arizona foundry) made the stock go up.  It's actually down 2.2% today.  So if Buffet is insider trading, he's bad at it.

What is likely happening is that TSMC is down 40% for the year and it's still a good, profitable company with a P/E of 14.1.  It's at a good price.

He also bought Chevron, Occidental, and Louisiana Pacific this week.  Any schemes going on there?
 
2022-12-06 10:16:57 AM  

badplaid: How is this not insider trading for Warren Buffett.


First you have to prove that he had non-public material information about TSMC.  Second, you have to prove that a $40B investment in TSMC made the stock go up.  It's actually down 2.2% today.  So if Buffet is insider trading, he's bad at it.

What is likely happening is that TSMC is down 40% for the year and it's still a good, profitable company with a P/E of 14.1.  It's at a good price.  That's why he bought it.

Here's a list of BH transactions for the month:
Bought: Taiwan Semiconductor Manufacturing Co. Ltd. (TSM)
Bought: Occidental Petroleum Corp. (OXY)
Sold: U.S. Bancorp (USB)
Sold: Activision Blizzard Inc. (ATVI)
Bought: Chevron Corp. (CVX)
Sold: Bank of New York Mellon Corp. (BK)
Bought: Louisiana-Pacific Corp. (LPX)
Bought: Paramount Global (PARA)
Sold: Store Capital Corp. (STOR)
Bought: Jefferies Financial Group Inc. (JEF)
 
2022-12-06 10:20:48 AM  

Rapmaster2000: badplaid: How is this not insider trading for Warren Buffett.

First you have to prove that he had non-public material information about TSMC.  Second, you have to prove that a $40B investment in TSMC made the stock go up.  It's actually down 2.2% today.  So if Buffet is insider trading, he's bad at it.

What is likely happening is that TSMC is down 40% for the year and it's still a good, profitable company with a P/E of 14.1.  It's at a good price.  That's why he bought it.

Here's a list of BH transactions for the month:
Bought: Taiwan Semiconductor Manufacturing Co. Ltd. (TSM)
Bought: Occidental Petroleum Corp. (OXY)
Sold: U.S. Bancorp (USB)
Sold: Activision Blizzard Inc. (ATVI)
Bought: Chevron Corp. (CVX)
Sold: Bank of New York Mellon Corp. (BK)
Bought: Louisiana-Pacific Corp. (LPX)
Bought: Paramount Global (PARA)
Sold: Store Capital Corp. (STOR)
Bought: Jefferies Financial Group Inc. (JEF)


Weird.  I submitted this like 10 minutes ago and it wouldn't post - most likely because of the links, so I just reformatted my comment.  It was qeued in an HTTP request for some period of time.
 
2022-12-06 1:47:53 PM  

Muta: They're expanding in Arizona.  How will that impact the water supply?


Couple of ideas about that and related issues... 1) water supply will tighten up.  There isn't enough as-is.  2) Feds might use US national interest as justification for taking more from neighboring states. 3) Even though lack of water is a downside, lots of empty barren space to pollute--maybe somewhat less environmental damage in that way. 4) Two of the biggest places in the US for optics research are University of Arizona and Rochester in NY, Arizona makes astronomy-grade silicon mirrors so it might be beneficial to be near that stuff. 5) might be nice politically for Dems in a state that harbors a lot of crazy Repubs.
 
2022-12-06 2:43:54 PM  
That reminds me. How is that ten billion dollar Foxconn plant doing in Wisconsin; you know the one pushed by real business geniuses like Paul Ryan and Trump.
 
Displayed 26 of 26 comments

View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking




On Twitter


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.