Given the context when you say China, I assume you mean Taiwan. China plays a role too, but TSMC is not Chinese. Given the lithography equipment used by TSMC i

Given the context when you say China, I assume you mean Taiwan. China plays a role too, but TSMC is not Chinese. Given the lithography equipment used by TSMC is built by a single European company, I think it’s disingenuous to exclude Europe from the production chain. I think the reality is fairly complex and the entire world is involved in the end to end production. Further, TSMC is working to diversify their production facilities to meet some of the onshorinf demands rising from the pandemic chip shortage fiasco. Additionally the instability between China and Taiwan is driving regional diversification. China has made itself such an undesirable business partner there’s enormous pressure top to bottom across all industries to find alternatives for sourcing. Margins in China have gotten worse due to a rising labor movement and improved general prosperity. Finally, there are other semiconductor manufacturers (global foundries, etc) that are striving to catch up - and it’s the nature of things that someone will. So, I agree, the world will start diversifying production out of China for many reasons. This will be better for everyone, even, IMO, China.