I don't agree that China won't be hurt by this. China has had some spectacular semiconductor bankruptcies. They've poured billions into companies, giving extrav

I don't agree that China won't be hurt by this. China has had some spectacular semiconductor bankruptcies. They've poured billions into companies, giving extravagant salaries to engineers from Taiwan etc., only for the whole thing to go belly up, while the engineers from Taiwan go home to retire on a fat stack of cash. Sure, they've got SMIC, and they have some decent semiconductor processes, but they're pretty far behind the state of the art. With US ramping up competition, and continuing the pressure that prevents China from gaining access to cutting edge lithography machines, it's really hurting them. If TSMC can finally start to build some fabs in the US, I don't think it will hurt Taiwan much. There's not much space for more than 3 cutting edge foundry companies, but there's definitely space for TSMC/Taiwan to have some of their fabs outside Taiwan, and doesn't hurt them more than it hurts Intel/US to have some outside the US. Some Global Foundries foundries wouldn't hurt them much either, since Global Foundries is specialising on low power, and is a bit orthogonal to TSMC/Samsung.