[HN Gopher] TSMC head says drive to onshore chip supply chain is...
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       TSMC head says drive to onshore chip supply chain is 'unrealistic'
        
       Author : walterbell
       Score  : 147 points
       Date   : 2022-04-21 16:11 UTC (6 hours ago)
        
 (HTM) web link (asia.nikkei.com)
 (TXT) w3m dump (asia.nikkei.com)
        
       | powerslacker wrote:
       | > to bring a full supply chain back and try to be fully self-
       | reliant is totally not efficient. ... At the end of the day, that
       | additional capacity could become non-profitable capacity."
       | 
       | It doesn't matter if it isn't profitable, because if cars,
       | trains, and computers go offline because of chip production
       | supply chain issues then a huge portion of the workforce can't
       | participate. If regional war blocks trade from Taiwan we will be
       | hosed within a matter of years.
        
       | jscipione wrote:
       | I'm all due respect to TSMC, Taiwan may be 'unrealistic' pretty
       | soon.
        
       | foolfoolz wrote:
       | the pandemic and its effects showed that the cost benefits of
       | globalization are beaten by the national security benefits of
       | onshoring. i think we will see more critical manufacturing, even
       | at great expense, move back to the u. s.
        
         | joe_the_user wrote:
         | _The pandemic and its effects showed that the cost benefits of
         | globalization are beaten by the national security benefits of
         | onshoring._
         | 
         | That doesn't seem like the way to put it. What you seem to mean
         | is "the pandemic showed serious downsides to globalization and
         | I imagine onshoring would work better".
         | 
         | The thing is, the pandemic indeed showed downsides to
         | globalization, financialization and extreme capitalization of
         | industries (though with chip manufacture, that's hard to
         | avoid). But a significant part of this involves companies
         | having no interest in abandoning or modifying their approaches
         | even when it had horrible consequences - because usually it
         | didn't having horrible consequences for the company in
         | particular. Hospitals still only entered into multi-year supply
         | contracts with factories even if, in the case of PPEs, it their
         | workers and patients were dying of covid, 'cause emergency
         | acquisition sets a bad precedent. Etc.
         | 
         | States could ameliorate some of these problems with simple
         | regulations but that didn't happen and seems unlikely now
         | 'cause profits matter.
         | 
         | I can imagine some gestures to onshoring 'cause that's extra
         | money that can thrown at companies but it seems pretty certain
         | the mechanisms of "globalization" will continue.
        
         | alooPotato wrote:
         | One thing I'm curious about is how you define "critical
         | manufacturing"? Manufacturing seems like a directed graph where
         | each node is a product or material and the edges are
         | dependencies or inputs to that product.
         | 
         | So if you want to onshore manufacturing of a particular
         | product, you need to also onshore all of its dependencies. My
         | contention is that the graph is so densely connected that you
         | end up having to bring entire supply chains onshore and this
         | effectively means every country needs to manufacture
         | everything.
        
           | SkyMarshal wrote:
           | Not necessarily, if you find a way to restrict supply chains
           | to allied nations only that you don't have risk of war with.
        
             | alooPotato wrote:
             | so cut out china? now bring onshore everything to allied
             | countries.... still seems like a large portion of the
             | graph..
        
               | SkyMarshal wrote:
               | It's a huge proportion of the graph, it would be like an
               | economic Manhattan project, but 10x bigger. But if things
               | continue on the current trajectory with China's rapid
               | military build-up, base-building around the SCS,
               | threatening Taiwan and the other Asian nations, it may
               | become necessary.
        
           | samus wrote:
           | Some dependencies are fine to leave off-shore if there is a
           | diverse set of suppliers or if they are located in safe and
           | friendly countries.
        
           | jl6 wrote:
           | > One thing I'm curious about is how you define "critical
           | manufacturing"?
           | 
           | It's a good question. For me, critical means you can't walk
           | away from a deal because you need the product, meaning you
           | end up being extorted. Food and energy meet this criteria. Do
           | chips? Maybe. And if so, then yes, you're absolutely right
           | that you would need to secure the supply chain/graph too.
           | Maybe not the whole graph if you work back to the point where
           | there is a diversity of competitive sources.
        
           | kansface wrote:
           | Some manufacturing can presumably be spun up with not too
           | much effort if you have other heavy industry around and
           | access to raw materials. Chip fabs require way more than
           | retooling a line. We could quantify the problem as the amount
           | of time it would take to bootstrap a domestic industry if the
           | current suppliers turned off the spigot.
        
             | alooPotato wrote:
             | Ahh this makes a lot of sense. So you rank each node in the
             | graph by how many other nodes depend on it PLUS how hard
             | it'd be to spin up that industry if we need to - then
             | tackle the high value ones
        
           | sigstoat wrote:
           | > this effectively means every country needs to manufacture
           | everything.
           | 
           | depending on your exact goals, it could be worthwhile to
           | bring a little bit of every node on the graph onshore. you
           | retain critical experience, and have at least some hope of
           | ramping up. getting a bunch of functioning, complicated
           | businesses to expand is way easier than creating them from
           | scratch.
        
             | alooPotato wrote:
             | oh that's interesting. You maintain a skeleton crew of an
             | industry as a hedge in case you need to ramp it up....
        
               | javajosh wrote:
               | This is, in fact, why I think its great people still have
               | an interest in low-tech methods for doing and making. In
               | a Carrington Event[0] we will need people with that
               | knowledge. Those without it will be much worse off.
               | 
               | [0] https://en.wikipedia.org/wiki/Carrington_Event
        
           | JamesBarney wrote:
           | I don't think this is true.
           | 
           | You really only have to focus on parts of the supply chain
           | that are required to produce, fuel, food, medical, and
           | military equipment that also are not produced anywhere in the
           | world except by a potential a adversary or next to a
           | potential adversary.
           | 
           | It's a big undertaking sure, but it's really only onshoring
           | pieces that are produced exclusively in China or next to it.
        
             | alooPotato wrote:
             | "fuel, food, medical, and military equipment" and
             | "exclusively in China" seems like it'd literally bring in
             | the entire dependency graph.
        
               | kube-system wrote:
               | I can't think of much now that the US relies on for fuel,
               | food, medical, and military equipment that is exclusively
               | made in China. _Especially_ the latter.
        
           | rgrieselhuber wrote:
           | For countries that want to maintain a high degree of
           | sovereignty and have the resources to do so, it's probably
           | the way to go. 100% is impossible of course but directionally
           | the smart move.
        
             | alooPotato wrote:
             | I think what I'm getting at is that unless you do 100% of
             | the graph (at least with your allies) you're eventually
             | going to be dependent on an adversary. Like you might not
             | solve anything by bringing chips onshore if your only
             | supply of silicon for those chips is offshore. So you're
             | just pushing the problem down the stack...
        
               | samus wrote:
               | Silicon is one of the most common minerals on Earth. Rare
               | metals are a different story.
        
               | alooPotato wrote:
               | ok that was a bad example but the point still stands
        
           | jimmaswell wrote:
           | If we can at least make sure "the west" has it covered that's
           | a great start, and the US is definitely capable if the will
           | is there. Probably unrealistic for every tiny South American
           | or European country to do literally everything.
        
           | javajosh wrote:
           | *> ...how you define "critical manufacturing"?
           | 
           | This is a good question, and IMHO it's about threat-
           | modelling. Three events come to mind: pandemic, war with
           | China, and a Carrington Event[1]. The last one is interesting
           | because it would destroy most electrical infrastructure, and
           | it's not clear that the US retains the ability to manufacture
           | those components. I'm not sure, but I don't think huge
           | transformers have a ton of components, so your other (valid)
           | concern about dependencies wouldn't apply in that case. Fabs
           | are at least somewhat similar in that they don't recombine a
           | huge variety of components in different ratios like Shenzen
           | does.
           | 
           | [1] https://en.wikipedia.org/wiki/Carrington_Event
        
         | jdrc wrote:
         | well. thanks to china not being under lockdown for long there
         | were no shortages of goods.
         | 
         | globalization is a good thing, we shouldn't want to end it.
         | 'when goods don't cross borders, soldiers do' etc
        
         | ketzo wrote:
         | To be more accurate, the pandemic showed that onshoring beats
         | globalization... _in a pandemic_.
         | 
         | The cost benefits were wildly outstripping the national
         | security benefits before 2020! That's why globalization has
         | thrived!
         | 
         | I know that's the point, and I'm sort of willfully
         | misinterpreting what you're saying. But the cost benefits of
         | globalization aren't going away, and people's fears of the
         | pandemic and supply-chain disruption will fade with time.
         | 
         | Critical manufacturing simply will not be onshored by
         | participants in capital markets if it costs more. It's the kind
         | of thing that only a government can really make happen, and the
         | U.S. government does not seem willing to impose massive costs
         | on ~all of its largest industries.
         | 
         | Semiconductors -- maybe. There's a lot of focus on this
         | particular industry right now, and Intel + the CHIPS Act might
         | be able to make waves in the U.S.
         | 
         | But I think it's incredibly unrealistic to expect any
         | significant share of global manufacturing to move back out of
         | Shenzhen any time soon.
        
           | svachalek wrote:
           | I don't think it's fair to say the national security benefits
           | were tested before 2020. Risks are rarely considered until
           | after they are exploited; everything that happens in an
           | airport security line is based on something that actually
           | happened before they added that requirement.
        
             | ketzo wrote:
             | No, I know -- that's my point. They hadn't reaaaally been
             | tested before, and they probably won't be tested again for
             | a long while.
             | 
             | Regardless of whether it is _correct_ to account for the
             | risks of globalization, it 's very unlikely that people
             | _will_ -- again, particularly when those people are
             | participants in market economies -- because the risks are
             | so infrequent, unpredictable, and catastrophic that people
             | just don 't like to think about them.
        
           | UnpossibleJim wrote:
           | I think this type of thinking, while relevant, ignores other
           | hidden costs associated with off-shoring the majority of our
           | manufacturing.
           | 
           | 1. The environmental costs are not insignificant with both
           | the lack of environmental regulation and added ocean shipping
           | (yes, I know people are tired of hearing about environmental
           | impact)
           | 
           | 2. The humanitarian cost of offshoring our manufacturing is
           | not insignificant. We may not have the _best_ humanitarian
           | track record in the world, but we aren 't setting up suicide
           | netting or sending manufacturing to Uyghur prison camps.
           | 
           | 3. NAFTA has increased income inequality https://www.epi.org/
           | publication/briefingpapers_bp147/#:~:tex....
           | 
           | 4. The Trans-Pacific Partnership weakened intellectual
           | protections, food safety regulations and helped destabilize
           | the U.S. economy - creating even more "bubble and bursts"
           | https://inthesetimes.com/article/tpp-free-trade-
           | globalizatio...
           | 
           | Don't get me wrong, I think a certain amount of global trade
           | is not only necessary but healthy. It strengthens treaties
           | and national ties. This reduces war risk and national
           | coalitions... all good things. But a certain amount of self
           | interest and a healthy middle class bolster our own country.
           | We have lost our ability to stand on our own two feet for any
           | amount of time.
        
             | potta_coffee wrote:
             | Environmental impact is a really important concern. But
             | aren't we just deciding _where_ that impact will occur? I
             | don't think environmental damage in China is inherently
             | superior to environmental damage in America; not for any
             | reason other than, "I live in America, so of course I want
             | America to be have a clean environment." I think the
             | environmental impact of these industries could be reduced
             | but profit overrules all other considerations.
        
               | ketzo wrote:
               | Well, there's environmental damage incurred by going
               | _back and forth_ between China and the U.S., which could
               | be reduced /eliminated.
        
             | ketzo wrote:
             | Good point, and I think assembling all these reasons
             | _alongside_ national security risks is our best shot at
             | actually convincing our governments to enforce some amount
             | of change.
        
       | erdos4d wrote:
       | Honest question, what would be the outcome in terms of chip
       | manufacturing ability if China didn't invade Taiwan, but just
       | decided to level the whole island with an eye towards
       | repopulating later with Chinese nationals? Have Chinese fabs come
       | along enough to allow them to just destroy Taiwan instead of
       | mounting a costly invasion?
        
       | ed25519FUUU wrote:
       | Who cares if it's not profitable? Who's trying to onshore chips
       | because it's cheaper?
       | 
       | We're bringing chips back home for security and resiliency
       | reasons.
        
       | kadoban wrote:
        
       | civilized wrote:
       | > It makes sense that all the major economies hope to bring the
       | chips for infrastructure or defense uses onshore, but to bring a
       | full supply chain back and try to be fully self-reliant is
       | totally not efficient
       | 
       | Unfortunately, sometimes you've got to trade efficiency for
       | robustness. Taiwan has China dangling over its head like the
       | Sword of Damocles.
        
       | trrb wrote:
        
       | adamsmith143 wrote:
       | Head of Monopoly says attempts to break monopoly are pointless.
       | In other news water is wet.
        
       | api wrote:
       | TSMC is in part a Taiwanese defense asset. They don't want
       | anything moved because right now having so much supply chain in
       | Taiwan chains the rest of the world to Taiwan's security against
       | the PRC.
        
         | pphysch wrote:
         | This is an oft-repeated meme that doesn't align with the
         | historical facts. TSMC is a distant secondary factor in the
         | geopolitical competition over Taiwan, which is a continuation
         | of the Chinese civil war that started in 1927 and has never
         | officially ended.
         | 
         | If TSMC didn't exist, or was located in e.g. Vietnam, Taiwan
         | would _still_ be a vital strategic asset in Washington 's
         | stated policy to contain Communist China (as part of the "first
         | island chain" [1]). There would still be a geopolitical
         | competition without TSMC.
         | 
         | [1] - https://en.wikipedia.org/wiki/First_island_chain
        
           | flyinglizard wrote:
           | Vague geopolitical considerations are very secondary and
           | policy dependent compared to the real and abrupt chaos which
           | will ensue if TSMC is taken out.
        
             | [deleted]
        
             | pavon wrote:
             | On the other hand, if China assumes control of Taiwan and
             | TSMC with it, that need not have any impact on the rest of
             | the world. Rather, it would provide a strong financial
             | incentive _not_ to push back as hard on China as we have on
             | Russia.
             | 
             | In other words, part of the desire to onshore chip
             | fabrication (and other manufacturing) is in part so we can
             | sanction China harder if need be. Dependence on TSMC
             | weakens our resolve to defend Taiwan for political reasons,
             | it doesn't strengthen it.
        
               | etiam wrote:
               | "Taiwan should destroy TSMC if invaded, suggests US
               | military paper"
               | 
               | https://news.ycombinator.com/item?id=31012442
        
             | pphysch wrote:
             | On the contrary, techbros not getting their new overpowered
             | MacBook or gamer rig or drone is very secondary to hard
             | security concerns.
        
             | jaywalk wrote:
             | This is exactly correct. If China took out TSMC, we would
             | have an unimaginable global catastrophe on our hands that
             | would make Covid look like nothing. There are _far_ too
             | many eggs in that basket.
        
               | samus wrote:
               | This won't happen because China would also take a hit.
               | TSMC is safe as long as China doesn't have a cutting-edge
               | semiconductor industry that can replace the lost output
               | from the latest nodes.
        
               | pphysch wrote:
               | This is absurd. No, we definitely wouldn't. Most people
               | wouldn't notice if TSMC disappeared.
               | 
               | In a couple years they might go, hey, why isn't my iPhone
               | 42 any faster than my iPhone 35.
               | 
               | But most devices and datacenters would keep running for
               | literally years. Occasionally there would be a disaster
               | that is hard to recover from due to missing supplier
               | inventory. The average warranty on such devices is like 3
               | years, and many can perform long beyond that.
               | 
               | This should be compared with critical commodities like
               | oil. The oil produced yesterday will not last anywhere
               | close to 3 years. Mass starvation would happen within
               | weeks if the oil supply was cut off.
               | 
               | Not to mention a lot of critical technology doesn't need
               | <10nm chips, and can use less advanced chips manufactured
               | outside of TSMC.
        
               | AdamH12113 wrote:
               | TSMC makes a lot more than iPhone CPUs. A _lot_ more. And
               | they do a lot more than cutting-edge process nodes --
               | they have active 180nm fabs. Microcontrollers, ADCs,
               | DACs, ASICs... almost anything you can buy that contains
               | electronics can have ICs manufactured by TSMC.
               | 
               | Now think about all the non-consumer equipment with
               | embedded electronics -- trucks, trains, container ships,
               | industrial equipment, medical equipment. Suddenly there
               | are no spare parts available. It takes months to redesign
               | and re-manufacture new electronics, and the supply of
               | non-TSMC components will be unpredictable as everyone
               | rushes to change all at once.
               | 
               | On top of that, other foundries in Taiwan (like UMC)
               | would go down, we'd be cut off from all the fabs in
               | China, and if the war expands China might target fabs in
               | South Korea and Japan. It wouldn't be mass starvation in
               | weeks, but it might only be a few steps removed from
               | that.
        
               | pphysch wrote:
               | Yes, TSMC is a _very_ important corporation.
               | 
               | No, their (improbable) destruction would not cause an
               | "unimaginable" global economic catastrophe as the
               | previous commentator implied.
        
               | hackernewds wrote:
               | This seems like an exaggeration. What are the resulting
               | catastrophe?
        
               | samus wrote:
               | The semiconductor industry would be set back a few
               | decades because the main production facilities for the
               | current node and many previous nodes would be gone. It's
               | not just the equipment, but also the institutional
               | knowledge about how to operate it best.
        
               | WillPostForFood wrote:
               | If China invaded Taiwan, and the world response was
               | something like the response to Russia's invasion of
               | Ukraine (economic isolation), it would mean losing 500
               | billion dollars of imported products, and an uncountable
               | loss of products that are dependent of that 500 billion.
               | Look at what a small kink in chip supply is doing to car
               | pricing and supply. Imagine instead of a kink in the
               | supply chain, the supply goes to zero for several years.
               | Now imagine that affecting thousands of products that are
               | either wholly manufactured in China and Taiwan, or
               | dependent on components made in China and Taiwan.
        
               | jaywalk wrote:
               | The number of chips within a five foot radius of you at
               | this very moment that were manufactured by TSMC could
               | easily be in the double digits. So imagine that all of
               | the devices containing those chips are no longer able to
               | be produced because nobody else can make the necessary
               | chips.
        
             | samus wrote:
             | A long-term geopolitical goal of the PRC is to challenge
             | the hegemony of the US blue-water navy over the oceans, or
             | at least of the immediate surroundings of East Asia. Having
             | US-friendly regimes on Taiwan, the Philippines and Japan
             | would make it difficult for the Chinese Navy to operate
             | outside of that island chain in a conflict.
        
           | themgt wrote:
           | The problem is TSMC points a gun back at us. Look at the
           | Ukraine playbook: "ok Russia go ahead and try to invade,
           | we'll turn it into a bloodbath for you while we cut you off
           | from as much of the global economy as possible"
           | 
           | The threat to wreck China's economy if they invade becomes a
           | lot less credible when we'll be cutting the legs of the
           | entire global economy in the bargain. It becomes more of a
           | mutual suicide pact and gives China reason to think we'd cut
           | a deal if it came down to it.
        
             | pphysch wrote:
             | Again, this narrative doesn't align with the facts.
             | 
             | Suppose TSMC never existed. USA would _still_ be totally
             | economically dependent on China in 2022. If USA declares
             | war on China, USA will have an acute economic crisis within
             | weeks due to half a trillion $ in missing imports. This has
             | nothing to do with chips from TSMC.
             | 
             | The geopolitical leverage of TSMC is vastly overstated by
             | people who get their geopolitics from geopolitical non-
             | experts like Zeihan and Stratechery.
        
         | bombcar wrote:
         | And he's saying it wouldn't be "profitable" because they'd have
         | overcapacity.
         | 
         | But countries wanting to bring it in-house may not care about
         | that, or be willing to pay for that.
         | 
         | Ignoring shortages, Russia would be much happier right now to
         | be oversupplied with the chips they need than having to get
         | them through China. And lots of other countries are now re-
         | evaluating what risks may be inherent in their supply chains.
        
           | ltbarcly3 wrote:
           | So TMSC would also stop being profitable by that logic I
           | think, unless there is some structural advantage they have?
        
             | bombcar wrote:
             | That's likely why they're trying to dissuade people from
             | doing it; also if you DO bring something in-house you're
             | likely to bring in the _highest margin_ chips, which of
             | course affects TMSC 's bottom line.
        
       | MR4D wrote:
       | > the rush by major economies to onshore semiconductor production
       | is "unrealistic" and that expanding capacity would not help
       | alleviate the global chip shortage.
       | 
       | OR, maybe the countries are just using that as pretense because
       | they think the CCP will make a move on Taiwan, and it's easier to
       | say this than say that out loud.
        
       | dwighttk wrote:
       | Wolf says shepherds should leave sheep alone
        
       | amelius wrote:
       | And I thought having less salty air makes it easier to build a
       | fab ...
        
       | [deleted]
        
       | topspin wrote:
       | At some point in the next 10 years Taiwan will be surrounded by
       | half a dozen Chinese aircraft carriers[1].
       | 
       | The rest of the world knows that continuing to rely so heavily on
       | Taiwan for crucial components is not viable.
       | 
       | [1] https://www.cnn.com/2021/11/09/china/china-aircraft-
       | carrier-...
        
         | mjevans wrote:
         | I suspect that outside of... 'mainland China' (I'll phrase it
         | for clarity) and the island just off the coast of 'mainland
         | China'; the rest of the world really just wants stability in
         | the region and no further conflict. Generally the status quo is
         | OK for the rest of the planet, and the other nations would be
         | happy to call 'mainland China' China and the island off of that
         | recognized as the sovereign nation of 'Taiwan' (or something
         | else other than China, since the name's already taken by a
         | larger military power).
         | 
         | I wonder what it would take to get that to stick until we grow
         | up enough as a species to cease having countries and instead
         | have a united single government like Star Trek.
        
           | throw8383833jj wrote:
           | >> grow up enough as a species to cease having countries and
           | instead have a united single government like Star Trek.
           | 
           | This would require everyone to think very alike which we will
           | never be. there's simply too much diversity.
           | 
           | why not aim for more of a everyone have it their own way kind
           | of model where more of the power is sent to local
           | governments? this way there would be less conflict and more
           | happy people, rather than only one way for everyone (one size
           | does not fit all)
        
         | alfalfasprout wrote:
         | The fact China hasn't already invaded makes this doubtful. More
         | likely is trying to install a pro-CCP politicians and pursuing
         | annexation politically.
         | 
         | The US has had a very close relationship w/ Taiwan for decades
         | including military training and access to newer military
         | hardware.
         | 
         | Also discussions about china attacking a US ship are rather
         | silly since that would be an outright declaration of war. The
         | amount of firepower available to the US would level mainland
         | cities.
         | 
         | Too much to lose for them to make an invasion likely.
        
         | tomatowurst wrote:
         | I doubt this. you'd need to continue having a thriving economy,
         | not only that for an aircraft carrier group to be effective
         | you'd need quality fighter jets that can take off with equal or
         | more payload than the US (which does not use a ski ramp for
         | this reason) and compete with it's 5th or 6th generation
         | planes. In addition you would need adequate defense fleet,
         | especially submarines quiet enough and capable of detecting
         | threats and countermeasures.
         | 
         | Even the Taiwanese F-16V will be able to obtain air superiority
         | in the present, 10 years is awfully short for it to master jet
         | engine manufacturing.
         | 
         | In 10 years it would be lucky if CCP survives internal issues
         | due to a dwindling economy and inability to service and
         | maintain much of its core infrastructure rather than an
         | external one.
         | 
         | I could definitely see Xi taking some of the islets close to
         | its coast line but doing so would give the US justification to
         | station its airbase permanently and start a Russian style
         | sanction.
        
           | iooi wrote:
           | You're assuming that the US would go to war with China over
           | Taiwan. That's not a given -- by a long shot.
           | 
           | > and start a Russian style sanction
           | 
           | Unlike the Russian sanctions, a broad sanction on the Chinese
           | economy would deeply impact the US economy. It's not a viable
           | strategy.
        
             | rdtwo wrote:
             | Yeah Russia sanctions mostly just affect Europe
        
             | tomatowurst wrote:
             | > US would go to war with China over Taiwan
             | 
             | They've repeatedly signaled and backed this up with a _real
             | aircraft carrier_ that sails between the straits. They aren
             | 't doing this just for show. The ball is in CCP's court, if
             | they venture too far past their coastline they are going to
             | face USN + JSDF.
             | 
             | Again, Taiwan is NOT ukraine. It's semiconductor supply is
             | critical to national security and the economy.
             | 
             | US also signaled they would hit China with sanctions and I
             | don't think it's a bluff. China needs US more than US needs
             | it.
        
               | dirtyid wrote:
               | > real aircraft carrier
               | 
               | USN hasn't had the balls to sail carriers through the
               | strait in 20+ years even under Mike Pompeo at the nadir
               | of US/PRC relations since Nixon. Clinton sent 2 during
               | last TW strait crisis for shits and giggles. Strait
               | transits are down to DDGs and coast guard vessels now.
               | 
               | PRC doesn't even need Navy to venture outside the first
               | island chain to destroy East Asia semi, or conduct
               | massive crippling cyber warefare on CONUS. Reality is US
               | has very limited options protecting East Asia interests
               | and US is now existentially vulnerable in multiple
               | domains that can't be solved with biggest military budget
               | and 20 aircraft carriers.
               | 
               | PRC is moving to sanction proof economy and decoupling
               | anyway, eating sanctions for taking back TW is built into
               | the equation.
        
               | tomatowurst wrote:
               | If there's a war in East Asia, I would bet against China.
               | It should be clear that having the world's largest
               | standing army don't really matter, we can see what a
               | paper tiger Russia turned out to be and PLA has far worse
               | corruption. Especially since the PLA only has had success
               | fighting its own, it's lost every single war and hasn't
               | fought a major war since losing to Vietnam in a quick
               | war.
               | 
               | The US + allies aren't exactly worried here. It possesses
               | complete air superiority in the region as well as early
               | warning radar.
               | 
               | I mean if a small country like Taiwan could lodge
               | missiles at the Three Gorges dam that would completely
               | flood the mainland, think what Korea or Japan can do
               | without even the US helping.
               | 
               | The PLA is a paper tiger and this angers a great deal of
               | PRC nationalists and sympathizers but its the truth.
               | There's very little chance it could enter into a
               | prolonged war with QUAD + South Korea, Taiwan.
               | 
               | I don't know what this sanction proof economy is about
               | but it clearly isn't working out for Russia with Ukraine.
        
               | LAC-Tech wrote:
               | Is it really "balls" to not sail an aircraft carrier?
               | 
               | Last time it happened was during the Taiwan straight
               | _crisis_ where the PRC fired missiles - which a defector
               | in the PRC told Taiwan had no warheads - deliberately
               | near Taiwanese cities.
               | 
               | Why respond with a crisis level military show of force
               | when - thankfully - there's no crisis?
        
               | dirtyid wrote:
               | PRC also unofficially communicated missiles drama weeks
               | ahead to TW, so there wasn't any "crisis" either, but US
               | sent 2 carriers as show of force because it could,
               | knowing PRC had no capabilities to counter. Force balance
               | is different now, and for all the US hyping about
               | increased PLAF flights into TW ADIZ or clipping median
               | line last year, basically another crisis brewing, USN
               | still only sent DDGs for strait transits because they can
               | no longer risk using CSG as show of force.
        
               | LAC-Tech wrote:
               | None of these issues constitute a crisis nearly as much
               | as '96 - an alternate interpretation is that the PRC is
               | still terrified of a CSG appearing in the strait so they
               | deliberately do not cross US red lines, even when much
               | closer US/Taiwan relations cross theirs.
        
         | zie wrote:
         | Assuming this is true, makes Taiwan even happier they hold TSMC
         | in country, otherwise what incentives does the rest of the
         | world have for helping Taiwan out, except the whole, we are the
         | good guys stance? We know the we are the good guys message is
         | only good so far.
        
         | JumpCrisscross wrote:
         | > _Taiwan will be surrounded by half a dozen Chinese aircraft
         | carriers_
         | 
         | Every time U.S. aircraft carriers enter a discussion, the reams
         | of developments in anti-ship missile and swarming tactics with
         | aerial or maritime drones (or fast boats) comes up.
        
           | dragontamer wrote:
           | That's because China can launch anti-ship missiles from any
           | Chinese highway to threaten US Carriers.
           | 
           | In contrast, the weapon-platforms of Taiwan / US Navy are
           | simply more constrained. Sure, US Destroyers / Cruisers are
           | good missile platforms and US Aircraft Carriers / F35
           | fighters are also good delivery mechanisms for anti-ship
           | missiles...
           | 
           | But China has the advantage of land-based missiles, land-
           | based air force, AND sea-based naval forces to triple-team up
           | against the US Navy.
           | 
           | -------
           | 
           | Chinese Carriers hanging around the Straight of Taiwan and
           | hugging their coastline (under protective cover of Chinese
           | missile-forces / Chinese air-forces) is the expectation.
           | 
           | We're not concerned about Chinese Carriers trying to say,
           | attack Hawaii (which would be the opposite situation: US Air
           | Force supporting US Navy in defense). The near-term threat is
           | the gross geographical advantages of the China-Taiwan fight.
           | 
           | There's a mild expectation that if a Chinese / Taiwan fight
           | were to occur, US Marines might be forced to make landings in
           | the Chinese mainland to destroy Chinese land-based missile
           | forces and even the odds.
        
             | jacobolus wrote:
             | How useful are anti-ship missiles in Ishigaki Island
             | (Japan), Batanes (Philippines), etc.?
             | 
             | If Taiwan is loaded with anti-ship missiles, cruise
             | missiles, naval mines, loitering munitions, artillery,
             | modern fighter jets, etc., any Chinese invasion is at the
             | very least going to come at very steep cost in
             | life/military hardware.
             | 
             | And then the economic costs (to everyone in the world) are
             | going to be extreme.
        
               | dragontamer wrote:
               | > How useful are anti-ship missiles in Ishigaki Island
               | (Japan), Batanes (Philippines), etc.?
               | 
               | Better than nothing, but the Chinese mainland has literal
               | highways and railroads to deliver more-and-more missiles.
               | 
               | When all else is equal, the winner is decided by
               | logistics. Who can "deliver" more missiles to a location
               | first? I'm willing to bet that Chinese highways and
               | Chinese railroads have superior logistics / delivery than
               | Ishigaki Island or the Batanes.
               | 
               | That is: the winner will be decided by "number of missile
               | deliveries to the Strait of Taiwan". (A lot of people get
               | caught up in thinking about the "last mile" of delivery:
               | F35 jets or Destroyers or MLRS systems. But the "first
               | mile" of railroads / highways is just as important, and
               | leans severely to a Chinese advantage)
               | 
               | > If Taiwan is loaded with anti-ship missiles, loitering
               | munitions, artillery, modern fighter jets, etc., any
               | Chinese invasion is at the very least going to come at
               | very steep cost in life/military hardware.
               | 
               | Putin just proved to the world that "Just because its a
               | bad idea" doesn't mean it won't stop the autocratic
               | dictator from doing something stupid.
               | 
               | China attacking the world-capital of semiconductor
               | manufacturing would piss off the world for sure. But
               | "pissing off the world" doesn't seem to enter into the
               | calculus of these leaders. EDIT: I'm also willing to bet
               | that Xi Jinping cares about Chinese soldier's life only a
               | _little_ bit more than Putin cares about Russian soldier
               | lives.
        
               | JumpCrisscross wrote:
               | > _When all else is equal, the winner is decided by
               | logistics_
               | 
               | Which is why it's almost public policy that the opening
               | salvos of this war would involve raining down missile
               | fire on those logistical chains.
        
               | omgwtfbyobbq wrote:
               | > When all else is equal, the winner is decided by
               | logistics. Who can "deliver" more missiles to a location
               | first? I'm willing to bet that Chinese highways and
               | Chinese railroads have superior logistics / delivery than
               | Ishigaki Island or the Batanes.
               | 
               | That's an interesting point.
               | 
               | One on hand, rail/highways are superior to anything
               | ocean-going for transport, and cargo ships are easily
               | taken out and would need extremely effective escorts.
               | 
               | On the other hand, rail/highways are much harder to
               | protect because of their length.
               | 
               | If cargo ships could still reach Taiwan with escorts, I
               | wonder if Taiwan could have enough supplies to deny China
               | access to their rail/highway systems such that it negated
               | their numerical advantages.
        
               | meowfly wrote:
               | I'm extremely skeptical of this Taiwan invasion scenario
               | I see floated around quite a bit.
               | 
               | 1. As you said, and China is aware, a war between Taiwan
               | and China will harm both countries and strengthen the US.
               | 
               | 2. The world would react extremely negatively (more so
               | than the Ukraine response) if half the world's semi-
               | conductors supply disappeared.
               | 
               | 3. Taiwan has cruise missiles that can reach Shanghai,
               | Wuhan, Shenzhen, etc. Most of China's development is in
               | the East. [1]
               | 
               | What I do believe might happen is China will reach the
               | point that they can economically bully Taiwan until
               | Taiwan decides it's best to play ball.
               | 
               | 1. https://en.wikipedia.org/wiki/Hsiung_Feng_IIE
        
             | JumpCrisscross wrote:
             | > _China has the advantage of land-based missiles, land-
             | based air force, AND sea-based naval forces to triple-team
             | up against the US Navy_
             | 
             | Point is if China leans into its fleet for fire support
             | (it's currently not clear if they will do this or rely on
             | land-based or aerial firing platforms), there are anti-ship
             | missile systems Taiwan could be outfitted with to
             | compensate for far cheaper than those ships cost.
        
             | topspin wrote:
             | > That's because China can launch anti-ship missiles from
             | any Chinese highway to threaten US Carriers.
             | 
             | The Chinese need not resort to mere land batteries. The
             | Chinese have a fleet of well over 200 Xian H-6 strategic
             | bombers to launch whatever anti-ship standoff PGM they can
             | mount to the wings or fuselage. And the new H-6N is aerial
             | refueled.
             | 
             | A few years from now when these are operationally armed
             | with sufficient quantities of
             | supersonic/hypersonic/flocking/maneuvering/whatever anti-
             | ship missiles China will have absolute control of the sea
             | around Taiwan; foreign war ships, cargo ships and anything
             | else that isn't a submarine will be _permitted_ to remain
             | in the area at China 's pleasure.
             | 
             | There is a reason that foundries are rapidly being built in
             | the US, Europe, etc.: the shot callers at the top of these
             | semiconductor manufacturers _know_ that one day in the not
             | too distant future Taiwan will be blockaded in China 's
             | play to reunify and there is nothing the West can do about
             | it without risking the destruction of capital ships full of
             | propulsion reactors.
        
             | potta_coffee wrote:
             | This is precisely why USMC infantry training pivoted back
             | toward more traditional (for the Marines) landing tactics
             | in the Pacific, away from desert operations.
        
             | dahdum wrote:
             | > There's a mild expectation that if a Chinese / Taiwan
             | fight were to occur, US Marines might be forced to make
             | landings in the Chinese mainland to destroy Chinese land-
             | based missile forces and even the odds.
             | 
             | That sounds remarkably unlikely and irrational. If China
             | touched the US mainland it would mean immediate full-scale
             | war, the opposite should be assumed.
        
               | potta_coffee wrote:
               | We've had two world wars that in retrospect seem
               | remarkably unlikely and irrational, insane even.
        
               | dragontamer wrote:
               | > That sounds remarkably unlikely and irrational. If
               | China touched the US mainland it would mean immediate
               | full-scale war, the opposite should be assumed.
               | 
               | Then your assumptions need to be set appropriately.
               | 
               | That is: China will have its full set of highways and
               | railroads in-tact to deliver missiles to the US Navy.
               | That will be the US Navy fighting at a severe
               | disadvantage.
               | 
               | Furthermore, US Marines will largely be sitting around
               | doing nothing. Having additional troops from a separate
               | branch of the military doing __SOMETHING__ would at least
               | help even the odds. (Marines do have some ships, but the
               | Marines specialized in Sea vs Land situations, not sea vs
               | sea kinds of battles)
               | 
               | -------
               | 
               | In any case, the Taiwan situation is a very difficult
               | fight to think about. US Navy will be at a severe
               | disadvantage in almost every concievable scenario, and
               | its difficult to see how other branches (US Army, US Air
               | Force, or US Marines) can help in a significant manner.
               | (Sure, some islands here and there can station some US
               | Air Force, US Army can also station some troops in
               | Taiwan. But is it enough to make a big difference?)
        
               | dahdum wrote:
               | We have no defense pact with Taiwan, and are not
               | obligated to engage. Our official stance is strategic
               | ambiguity, but Ukraine has showed how unlikely we are to
               | join the fight. We will try to follow much of the same
               | sanctioning, intelligence, and providing arms playbook,
               | but with less international support.
               | 
               | Your scenario presumes we are in open conflict with
               | Chinese troops, in which case landing marines is merely
               | an escalation of a war that's already begun.
        
               | kurupt213 wrote:
               | Engaging a US carrier task force would mean immediate
               | full-scale war with the US
        
               | JumpCrisscross wrote:
               | > _sounds remarkably unlikely and irrational. If China
               | touched the US mainland it would mean immediate full-
               | scale war, the opposite should be assumed._
               | 
               | Agree landing marines is aggressive. But missiles strikes
               | should be assumed.
               | 
               | China would be the aggressor. And the things being
               | attacked would be directly militarily relevant. If China
               | retaliated by hitting Guam, I would call that fair play.
               | (Hawai'i, for historical reasons, would be a stupid thing
               | to hit.)
        
               | dahdum wrote:
               | > China would be the aggressor.
               | 
               | Russia is currently the aggressor and Ukraine has far
               | more Western support than Taiwan could reasonably expect.
               | Still no Western countries are "closing the skies" or
               | attacking Russian military assets. China is a far
               | stronger opponent than Russia, so I don't see why that
               | would change.
               | 
               | The US would be going it comparatively alone against
               | China in a Taiwan conflict. I believe the best way to
               | protect them is helping them arm themselves to the teeth
               | such that China sees only a brutally pyrrhic victory as a
               | possibility.
        
               | JumpCrisscross wrote:
               | > _US would be going it comparatively alone against China
               | in a Taiwan conflict_
               | 
               | AUKUS and the Quad are explicitly aimed at changing this.
        
               | dragonwriter wrote:
               | > China is a far stronger opponent than Russia, so I
               | don't see why that would change.
               | 
               | China is a weaker _strategic_ threat despite being a
               | stronger _local_ conventional threat. That would seem to
               | me to make outside direct intervention more likely
               | (though not necessarily more likely than not.)
               | 
               | > The US would be going it comparatively alone against
               | China in a Taiwan conflict
               | 
               | There is nothing as centralized as NATO or the EU in the
               | region, but there are numerous US bilateral and a few
               | small multilateral security arrangements, and China is
               | one of the main things motivating those arrangements.
        
               | dahdum wrote:
               | Why would China be a weaker strategic threat than Russia?
               | They have 10 times the population and a massive
               | industrial and technological base. Fewer nuclear weapons
               | but more than enough to trigger the apocalypse. Much
               | stronger trade relations, economic diversification, and
               | growth.
               | 
               | Kendall, Air Force Secretary, said "When you look at it
               | objectively, China is a much greater strategic threat
               | than Russia is".[1]
               | 
               | 1. https://spacenews.com/air-force-secretary-were-
               | worried-about...
        
               | dragontamer wrote:
               | No one would bat an eye if a Carrier Strike group
               | launched F35 fighters to attack the Chinese mainland to
               | disable missiles before they were used. In fact, this is
               | 100% expected strategy for this situation.
               | 
               | -----
               | 
               | What about a Marine WASP-class assault ship launching
               | helicopters to do the same thing (except cheaper)?
               | 
               | ----
               | 
               | What about a few Marine Special Ops units infiltrating
               | the beaches under the cover of darkness to support those
               | helicopters? If they're discovered, they could be
               | "plausible deniability" units and arguably the USA never
               | even landed in China.
               | 
               | ----
               | 
               | What about the regular Marine infantry establishing a
               | beach-head to support those Special Ops units, but never
               | advancing further than just the beach?
               | 
               | Etc. etc. Its a smooth and slippery slope. Its not
               | exactly clear where or how to draw a line. In any case,
               | the Chinese missile forces are going to be a severe
               | issue. I expect at a minimum, F35B fighters from Carriers
               | to be utterly destroying any missile-site they discover.
               | That absolutely means attacks on the Chinese mainland.
               | 
               | Something like this is almost a necessity, so that US
               | Marines could do "something" to support the US Navy. Its
               | probably too much to ask the US Navy to solo all of China
               | by themselves.
        
               | dahdum wrote:
               | > No one would bat an eye if a Carrier Strike group
               | launched F35 fighters to attack the Chinese mainland to
               | disable missiles before they were used. In fact, this is
               | 100% expected strategy for this situation.
               | 
               | > Something like this is almost a necessity, so that US
               | Marines could do "something" to support the US Navy. Its
               | probably too much to ask the US Navy to solo all of China
               | by themselves.
               | 
               | We aren't striking Russian forces despite their
               | deliberate targeting of civilians and numerous war
               | crimes. Why would we attack a far more dangerous
               | adversary first? The moral argument is clearly not
               | enough, and we have no defense pact.
               | 
               | We'd risk giving them their Pearl Harbor moment, and
               | facing the carefully directed rage of a 1.4 billion
               | population command economy under single party
               | authoritarian rule.
        
               | scarmig wrote:
               | > No one would bat an eye if a Carrier Strike group
               | launched F35 fighters to attack the Chinese mainland to
               | disable missiles before they were used. In fact, this is
               | 100% expected strategy for this situation.
               | 
               | This isn't an accurate understanding of current US
               | military or foreign policy thinking.
               | 
               | https://www.airuniversity.af.edu/JIPA/Display/Article/249
               | 127...
               | 
               | > Military strategists, planners, and force requirements
               | developers should anticipate America's civilian
               | leadership needing effective military options short of
               | mainland attacks on China. RAND analysts seem to
               | appreciate the risks of homeland attacks, suggesting that
               | "as low as the probability of Chinese first [nuclear
               | weapons] use is, even in the most desperate circumstances
               | of a prolonged and severe war, the United States could
               | make it lower still by exercising great care with regard
               | to the extensiveness of homeland attacks and by avoiding
               | altogether targets that the Chinese could interpret as
               | critical to their deterrent."
               | 
               | Attacks against the mainland are certainly possible,
               | depending on circumstances, but it's neither the default
               | nor expected.
        
             | gscott wrote:
             | I bet every US military platform uses chips from Tawain...
             | if China was to take or even blockade Tawain it would be
             | bad for the us military industrial complex. Not to mention
             | the worldwide recession, job cuts and other problems not
             | being able to put that one last needed chip into products
             | like cars would cause.
        
       | iamleppert wrote:
       | Because we all know how great it's been being out of stock of
       | everything for months now. The current system is working so well!
       | /s
        
       | danans wrote:
       | I'm curious to see if the chip supply constraints will result in
       | device designs that make more efficient use of them. I think some
       | auto manufacturers are already doing exactly that.
        
       | rektide wrote:
       | Morris Chang (founder of TSMC)'s speech a year ago touched on 3
       | huge advantages Taiwan uniquely has. Having a whole, well-knit-
       | together country with such intense knowledge & specilaization in
       | making chips is something that would be extremely hard to
       | recreate anywhere else. A community of practitioners is key.
       | https://interconnected.blog/morris-chang-global-semiconducto...
       | 
       | The United States had extreme success growing really good chip
       | designing talent with the digital foundry model. We simply gave
       | college students & others access to the means of production.
       | Something we see eFanless/Google/Skywatdr kind of doing these
       | days, with free chipmaking (at 130nm). But how we get good at
       | making the foundries, create a body of expertise in not chip
       | design but chipmaking, at any level of density... hard problem.
        
         | christkv wrote:
         | Do people just forget that intel has fabs all over the world
         | with that expertise as well?
        
           | little_endorian wrote:
           | Morris Chang's point is that TSMC is able to draw upon
           | Taiwan's very best talent, as the country's most attractive
           | employer. Likewise, Samsung is among the most prestigious
           | Korean employers. In contrast, where does Intel rank among US
           | employers?
        
             | jcranberry wrote:
             | I thought Samsung had an absolutely horrible reputation as
             | an employer.
        
             | nosianu wrote:
             | Except that we had articles like this one, telling us about
             | severe and not easily solved problems at Samsung:
             | https://news.ycombinator.com/item?id=31064080
        
           | notyourday wrote:
           | The ones where it has not been successful at making their own
           | chips using their own designs? Those fabs?
        
             | rat9988 wrote:
             | Well, they are not the cutting edge anymore, but are still
             | a powerhouse.
        
               | notyourday wrote:
               | No, they _were_ a power house. We will know if they still
               | are a powerhouse if a year from now we no longer have
               | these kinds of discussions.
        
           | dragontamer wrote:
           | Since TSMC reached 7nm and 5nm first (and it will be years
           | before Intel reaches parity with 5nm technology, and TSMC is
           | expected to reach 3nm by that point...), its obvious for us
           | to be focused on what TSMC/Taiwan is doing that we in the USA
           | aren't.
           | 
           | TSMC seems to have achieved a sizable technological lead over
           | Intel, that will perpetuate for the next few years or even
           | decade.
        
             | bilbo0s wrote:
             | Bet against the US if you like, but it's a losing bet.
             | 
             | Onshoring will happen. In the US. In China. in the EU. And
             | likely in Russia too.
             | 
             | This has become a national security issue, and at least in
             | the US, we are resolved to make it happen.
        
               | dragontamer wrote:
               | Taiwan / TSMC are allies. The solution is rather simple:
               | convince them to build a lab in Arizona. Lo and behold:
               | TSMC is building a lab in Arizona.
               | 
               | The debate is largely over. We're just dealing with the
               | details / qualms right now. Culture clashes as Taiwanese
               | business managers are learning that US workers have a
               | different culture than they expected (and vice versa).
               | 
               | Taiwan / TSMC doesn't like it, but they probably
               | recognize it as necessary. We USA folk have to be
               | reminded though that this technology belongs to another
               | country, we're merely "hosting" them.
               | 
               | -------
               | 
               | There's also some other knock on effects: Japan is asking
               | TSMC to build a factory within Japan (after all, if USA
               | gets a fab, shouldn't Japan deserve one?). TSMC likely
               | doesn't want to spread itself too thinly around the
               | world.
               | 
               | This overall discussion isn't about one-or-two key /
               | emergency factories being built around the world. That
               | has already happened.
               | 
               | The overall discussion is "how much" should TSMC spread
               | itself around the world and build redundant supply
               | chains?
        
               | bilbo0s wrote:
               | This is not about fabs. This is about expertise. A TSMC
               | fab in Arizona is nowhere close to being enough to
               | satisfactorily address our security concerns with respect
               | to critical infrastructure. We won't stop until we can
               | stand up the entire supply chain using domestic
               | intellectual capital. In fact, we aren't going to stop
               | until that domestic intellectual capital not only exists,
               | but is safely redundant.
               | 
               | None of the other nations will stop at a domestic fab
               | either btw. This issue is not going away, and I suspect
               | the EU is as determined to stand up a domestic supply
               | chain as we are.
               | 
               | And don't even get me started on China. We can assume
               | they are probably much further along than is generally
               | known. Because they always are.
        
               | tooltalk wrote:
               | They are not just "allies." The Taiwanese gov't had heavy
               | handed intervention from its inception to what it is
               | today. IMO, this has little to do with "culture" and more
               | to do with the gov't protecting jobs and keeping their
               | know-how and infrastructure in Taiwan.
        
             | TrevorJ wrote:
             | It's not clear to me that onshoring would be without
             | utility if it's not on the current node. Surely there are
             | vast improvements to security and defense concerns to be
             | had through onshoring even if it's (conservatively) 3 years
             | behind the cutting edge.
             | 
             | There's also a good possibility that this would be useful
             | in the market as well if it solves some supply chain
             | issues. Car manufacturers won't need 3nm tech for quite
             | some time, if ever. Hobbyist boards like the Pi have been
             | hard to get for months now. Graphics cards that were 2-3
             | years old were going for huge premiums up until recently as
             | well. All in all it seems as if there would be at least
             | _some_ markets for chip tech that isn 't on the bleeding
             | edge.
        
               | dragontamer wrote:
               | USA has plenty of older fabrication labs, and most of our
               | critical technology is probably on 22nm or 40nm nodes (or
               | older).
               | 
               | US Military equipment is pretty famously on old nodes /
               | older technology for reliability and supply chain
               | purposes for example. And its probably entirely domestic
               | (Micron, Intel, GloFo).
               | 
               | The need for higher-end nodes is almost a "luxury"
               | factor. There's a benefit if the latest iPhones were
               | brought onshore and were US-made. This is for economic
               | reasons (less economic disruption if China attacks
               | Taiwan), even if it leads to slightly higher costs.
               | 
               | ------
               | 
               | I know that TSMC is pissed off at the "culture clash" in
               | Arizona (one of these "on shore" US fab-labs) however. I
               | can pretty much imagine a "Gung Ho" (1986 movie)
               | situation occurring there. It doesn't look like the
               | Arizona fab-lab will be complete in time, and TSMC is
               | blaming US worker culture.
        
               | bsder wrote:
               | > USA has plenty of older fabrication labs
               | 
               | Do we? The current, continuing semiconductor shortage
               | argues otherwise.
               | 
               | I mean, the fact that a "switching regulator" can go out
               | of stock borders on the absurd unless those fabs are busy
               | producing stuff with higher margins.
        
         | duped wrote:
         | The first two points are at best opinion and and worst
         | nationalism, neither are facts.
        
           | VWWHFSfQ wrote:
           | Chang is very well known for making these kinds of statements
           | that make no sense.
        
           | TrevorJ wrote:
           | It isn't that his point isn't _true_ , it's just that it is
           | tautological. It's sort of like saying cars are more useful
           | in country X than country Y because country x has roads. On
           | the one hand: yes. On the other hand: it used to be that no
           | country had roads, so obviously this is a problem with a
           | solution. The country has roads, because it has cars.
        
           | hahaxdxd123 wrote:
           | What? I am reading the English translation and it seems based
           | in truth to me.
           | 
           | 1. The US of course has technical talent. However the vast
           | majority would rather work in in the higher margin software
           | industry, not hardware. If I am intelligent/hard-working
           | enough in America to understand the physics behind semi-
           | conductors, I would rather apply that to prop trading than
           | Intel.
           | 
           | 2. Manager-employee customs are vastly different across
           | cultures. What is institutionalized in Japan is harassment in
           | America. If he says Taiwan has a sufficiently different
           | culture, I believe him.
        
       | trentnix wrote:
       | He wouldn't be commenting if it was really unrealistic.
        
       | vondur wrote:
       | Well, if the Chinese do invade and take over Taiwan, it will be
       | lesson learned too late.
        
       | cjsplat wrote:
       | As Moore's law slows down, fabs will have longer life near the
       | leading edge.
       | 
       | So, for example, 45 nm rolled out in 2007. If in 2005 you were
       | crazy enough to try to bootstrap a 32 nm fab, you might have
       | hoped to have the line completed a year behind the industry _if_
       | you were lucky. (You have to get it working, get the
       | customers,and get them shipping in volume to get the business
       | healthy.)
       | 
       | So Joe's Tool and Die startup fab rolls out their 32->36 nm
       | process in 2010. And they luck out because the 22->28 happens in
       | 2012 (a 3 yr gap vs the typical 2 yr at that time.)
       | 
       | But 22->28 rolls out and JT&D is playing catch up again.
       | 
       | If the same cycle stretches to 5 years, the technology ramp
       | becomes much more manageable.
        
       | outside1234 wrote:
       | After the German debacle over having to kowtow to Russia to
       | receive oil and gas and essentially in doing so fund the killing
       | of Ukrainians, everyone has to be rethinking who they are reliant
       | on and making sure they are strategically diverse.
       | 
       | China is the obvious example of this where we need to break out
       | the supply chain across more countries. I fully expect this to
       | happen through a combination of corporations and countries
       | realizing their exposure to "China doing something nuts" and
       | acting accordingly. You already see Apple doing this, for
       | example, with India.
        
         | jmoak3 wrote:
         | Apple is also attempting to mobilize Indian workers before
         | China's working population declines enough to be noticeable.
         | The cost of business in China (regardless of international
         | policy) is guaranteed to rise as the number of available hands
         | decreases from mass aging.
        
           | vkou wrote:
           | No, the cost of business in China isn't rising because of
           | demographics, it's rising because China is no longer an
           | impoverished country. Wages in it have grown massively.
        
             | jmoak3 wrote:
             | I was referring to the future, the demographic situation is
             | guaranteed to raise costs. I'm sure the extra leverage
             | China's citizens have from their earned wealth will play/is
             | playing a part as well.
        
       | gnulinux wrote:
       | Well, of course, TSMC doesn't want chip supplies to be onshored.
       | It's everyone other than TSMC and Taiwan willing to do so. West
       | wants to have reliable access to chips without potential war with
       | China.
       | 
       | In addition to geopolitics, wouldn't overproduction of chips be
       | beneficial to consumers in the form of cheaper chips and greater
       | variety?
        
         | hwillis wrote:
         | greater variety is not a thing that would happen (and
         | incidentally, as an electrical engineer, there's plenty of
         | variety already). The hardware used in semiconductor foundries
         | is all made by the same few companies, which is a major reason
         | everyone gets similar advances at the same time- they're all
         | working with the same tools.
         | 
         | The vast majority of variety in product lines comes from who is
         | ordering the chips, not the foundries where they are made.
         | Adding more foundries will not introduce any more different
         | chips, just chips that have subtly different performance or
         | reliability, which is already a nightmare engineers deal with
         | continuously.
         | 
         | China sells the cheapest chips, and companies only buy the
         | cheapest chips. Making more foundries in the EU and Europe will
         | not change that fact. China will have the huge majority of
         | demand. If anything, a reduction in demand will give more power
         | to counterfeiters and raise the floor price you have to pay to
         | avoid them. It won't really impact prices at all (counterfeit
         | chips are almost nonexistent for anything costing more than a
         | couple cents) but it will make life significantly more
         | irritating for people like me.
        
           | MangoCoffee wrote:
           | >The hardware used in semiconductor foundries is all made by
           | the same few companies, which is a major reason everyone gets
           | similar advances at the same time- they're all working with
           | the same tools.
           | 
           | it depend on the craft smith's skill. everyone have access to
           | Python but some is able to craft a robust app while others
           | app is buggy and unusable.
           | 
           | TSMC consistently have the best yields and quality chips
        
             | yellow_postit wrote:
             | Acquired did a podcast deep dive in TSMC history which
             | supports your argument -- they've arrive at those yields
             | from just a massive set of iterations. I had a lot more
             | respect to the art + science aspect of chip manufacturing
             | the more I learn about fabs, having originally thought it
             | was a basic recipe easily replicated.
             | 
             | [1] https://www.acquired.fm/episodes/tsmc
        
           | kennywinker wrote:
           | When I read greater variety I was thinking of a greater
           | variety of functions not a greater variety of fabrication
           | techniques. Like if you're shopping for a regulator there are
           | dozens of manufacturers with dozens of options. If you're
           | shopping for something strange... say a 16x16 switch matrix?
           | I think there's a single chip? Excess capacity because of a
           | proliferation of fabs could lead to a lot of cool chips being
           | made for a low cost. Which in turn enables new technology in
           | that "these are cheap, what can i make with them?" way.
        
           | R0b0t1 wrote:
           | Eventually the tech to create the chips will become more
           | common and people will make their own purpose built chips.
           | Eventually.
        
             | hwillis wrote:
             | That assertion fits worse with this industry than like, any
             | other. The constant flow of freshly obsolete semiconductor
             | machinery literally feeds entire other industries. There is
             | always a huge amount of easily available equipment to make
             | high performance semiconductors because new technology is
             | constantly replacing it with new tooling.
             | 
             | Expertise and facility time are the limiting factors. Low
             | volume purpose built SOCs will never be cheap (outside
             | chiplet-based designs) because the ability to fill out a
             | production line is critical to amortizing the immense
             | startup cost of a design.
             | 
             | It is already possible to have completely custom chips
             | built in lots of <100 on older manufacturing nodes. Runs
             | cost low five figures to low millions of dollars. Some
             | college courses involve having an entire chip made. Anyone
             | can order one on 20-30 year old equipment. There is no
             | demand and it will never get significantly cheaper aside
             | from mass-produced chiplet ICs.
        
         | core-utility wrote:
         | > In addition to geopolitics, wouldn't overproduction of chips
         | be beneficial to consumers in the form of cheaper chips and
         | greater variety?
         | 
         | Another reason why TSMC would be against this
        
         | 55873445216111 wrote:
         | Historically, excess wafer fab capacity is what bankrupts
         | semiconductor companies. An underloaded fab very rapidly eats
         | up profit. Over the last 10 years, the industry has become very
         | cautious not to overbuild capacity. We have now arrived at the
         | opposite end of the long term (~10 year) cycle and we have
         | accumulated a serious underinvestment in capacity.
        
           | hoseja wrote:
           | Why isn't it possible to do this industry at less than razor
           | edge?
        
             | sct202 wrote:
             | It wasn't razor edge in 2009, when TSMC was running a 40%
             | utilization rate. Forecasting is hard, and when you have in
             | recent experience a massive glut it makes companies
             | conservative about demand forecasts and investments.
        
               | xxpor wrote:
               | See also: oil "capital discipline" right now
        
             | deelowe wrote:
             | I'm not sure I agree with some of the responses. The issue
             | is that the price to build or retrofit fabs goes up
             | significantly with each generation. Only a few companies
             | have been able to survive given the amount of financial
             | risk involved.
        
             | blihp wrote:
             | Because that's not where you end up in a world without
             | numerous serious competitors.
        
               | Macha wrote:
               | I would generally assume a lack of competitors would lead
               | to a decreased need to innovate and therefore fatter
               | margins.
        
               | blihp wrote:
               | Right, which is pretty much where we are now: very fat
               | margins largely because fabs have been banging up against
               | capacity for a while now because they could. (i.e. to
               | avoid the risk of overcapacity... why take a chance if
               | you don't have to?) In a more perfect world with healthy
               | competition, one or more of them would see the lack of
               | capacity and see opportunity to take the risk to build a
               | new fab to take some of that business. The fact that it's
               | basically governments saying 'you will do this' tells you
               | everything you need to know about how much the players
               | are really driven by competition.
               | 
               | It's a great time to be a semi manufacturer: TSMC has
               | customers like Apple funding their expansion, Intel has
               | the U.S. government funding theirs. Can you blame them? A
               | decade of record profits isn't what it used to be...
        
             | joenathanone wrote:
             | The lithography machines and factories are prohibitively
             | expensive, it can take years of production to break even,
             | if you over build you may just end up in the red.
             | Additionally the fabs have a limited lifespan when they are
             | cutting edge and able to produce premium chips.
        
               | ajsnigrutin wrote:
               | Premium fabs, premium chips, and shortages of everything,
               | from modern ("premium") graphics, to shitty DIP AVRs
               | (relatively old tech). New fabs can still produce old
               | chips when needed, and we need all of the chips now, and
               | a bunch of the "new tech" chips, will still be needed in
               | 20+ years, so that fab line can still operate then.
        
               | rednerrus wrote:
               | Then shouldn't the government be involved in ensuring we
               | have what's necessary? Seems like strategic reserves are
               | in order here.
        
               | metalliqaz wrote:
               | don't know why you were downvoted for that. it is clear
               | in 2022 that it's a national security issue
        
               | paulmd wrote:
               | They are, and TSMC and Samsung aren't happy about it
               | (nevermind that both Samsung and TSMC are de-facto quasi-
               | state enterprises themselves[0]).
               | 
               | "Hmm, I wonder who that sign is for..."
               | 
               | https://archive.ph/kvlnp /
               | https://www.bloomberg.com/news/articles/2022-03-28/tsmc-
               | sams...
               | 
               | It started with getting TSMC to build a fab in Arizona,
               | but to be fair it's a small fab (25k wafers/month) and
               | 5nm will not be leading-edge by the time it's
               | operational. Presumably the point of that fab is
               | traceability/domestic sourcing for the
               | defense/intelligence community - I'd expect that to
               | mostly be used for products to be sold to the USG, and
               | that's how it's sized, just what they'll need for
               | defense. But this new initiative looks like a sea change
               | to me - both in US chipmaking and foreign policy.
               | 
               | I think the situation in Ukraine with neon supply (used
               | in older processes, like the automotive chips that are
               | already in shortage...) has finally struck the fear of
               | god into US policymakers. It's increasingly clear that
               | the supply chain is dangerously single-source in many
               | many areas (EUV and high-end DUV litho machines, fine
               | chemicals and high-end passives, ABF film, etc), and any
               | problem in any area of the world can have huge
               | implications, because the "build one part in every
               | country" strategy means conflicts are going to disrupt
               | _something_. You reduce the risk of a black-swan event
               | taking out the whole industry at once, but you also
               | increase the risk of _at least some disruption_
               | happening, and at this point any disruption is
               | catastrophic in itself.
               | 
               | But beyond that, China is taking advance of the world
               | being distracted by russia to rattle the saber with TSMC
               | again and that's ultimately just not a tenable situation.
               | Not just on China's part either, Taiwan is working the
               | situation too and that's a problem too.
               | 
               | Not only could china blow up the world's chip supply by
               | starting a war with Taiwan, but TSMC has that leverage at
               | any time too. A fab is a tuned swiss watch, even simply
               | wiping all the computers used to run it (or getting
               | cryptolockered like happened a year or two ago) or
               | opening the fab up and allowing it to be contaminated
               | would basically halt production for a period of at least
               | months, and that's practically trivial to do. Actively
               | destroying certain machines could put the fab out of
               | action for _years_ , and blowing up a couple EUV machines
               | is easily within reach of nationalists/partisans at TSMC
               | if it came to it. Even beyond physically having the fabs
               | on US soil, that means that TSMC and Samsung (and thus
               | their respective governments) have leverage over US
               | policymakers in terms of US national foreign policy - and
               | letting foreign corporations have leverage over US
               | foreign policy simply is not an acceptable situation.
               | It's been a boiling-the-frog situation getting here but
               | China rattling the saber over Taiwan while Russia is
               | invading Ukraine is beyond the redline and the situation
               | can't be allowed to persist.
               | 
               | Even if the US gets enough TSMC-owned capacity to not be
               | completely dependent on Taiwan itself - what if China
               | invades Taiwan and the US decides to allow Taiwan to
               | fall? TSMC could destroy (or seriously damage) their US
               | fabs in retaliation and still blow up the US (and world)
               | economy. And the only other cutting edge fabs in the
               | world are Samsung and Intel... and Samsung is sitting
               | under the barrels of tens of thousands of North Korean
               | artillery pieces, and now they've got nukes and ICBMs
               | too. They have older fabs in Texas but all their cutting-
               | edge stuff is in South Korea. It's not a problem today,
               | but these are strategic projects with a 20 year spin-up
               | time (given all the associated industries that need to be
               | replicated) and foreign policy issues can easily crop up
               | within a timespan of a year or less. What happens if
               | North Korea gets antsy and Samsung doesn't think the US
               | is committed enough to the defense? Samsung could
               | basically do the same thing as TSMC if they really wanted
               | too, and now you've got two quasi-state enterprises with
               | leverage over policymakers.
               | 
               | Global Foundries, too, is owned by an Abu Dhabi sovereign
               | investment fund, they're not cutting edge, but they're
               | yet another potential state-level player.
               | 
               | Fabs are strategic infrastructure and letting foreign
               | nationals control delicate, easily-destroyed strategic
               | infrastructure simply isn't acceptable anymore, period.
               | And the US is explicitly and specifically choosing to
               | disarm the Sword of Damocles that Taiwan has used to
               | exert control over US foreign policy, going forward TSMC
               | won't be able to use the fabs as leverage - which
               | obviously has huge implications for Taiwan's foreign
               | policy, this really calls into question the long-term
               | commitment of the US to the defense of Taiwan. I don't
               | think we're gonna abandon them tomorrow by any means, but
               | in 10 years there is going to be a different balance of
               | power. Both of those are huge foreign-policy sea changes.
               | 
               | But yeah, the idea of "the end of history" and that
               | globalization means that nobody is ever going to get into
               | any conflicts ever again because _" gosh, we're all just
               | so economically intertwined"_ is dead - it's obvious that
               | conflicts will happen and the intertwining just means
               | that we have tons of economic problems when it does.
               | That's another sea change. It's not going to stop
               | neoliberals from doing it anyway, corporations will still
               | lobby for deregulation and offshoring and tax cuts
               | because it makes them money and neoliberals will
               | generally oblige, but this is a signal that policymakers
               | are starting to be aware that they can't just handwave
               | and "the free market will take care" of strategic
               | industries with massive foundational implications to
               | downstream products and the industry as a whole.
               | Globalization doesn't mean strategic industries aren't
               | strategic.
               | 
               | [0] TSMC and Samsung are both quasi-state enterprises.
               | TSMC is explicitly intertwined with Taiwan's foreign
               | policy, they were the ones to negotiate for vaccines for
               | taiwan for example, and Taiwan recently used the threat
               | of cutting off TSMC's water (during shortages) as
               | leverage in negotiations/etc. Samsung is a chaebol, one
               | of the megaconglomerates that essentially run Korea's
               | government shadowrun-style (this is how they
               | industrialized from basically nothing to cutting-edge in
               | 40 years, intense and tight corporate-state
               | coordination). And this isn't just US-style "corporations
               | donate to everyone", Korea's presidents have been
               | repeatedly convicted of corruption for benefiting
               | Samsung, and other actions are almost certainly happening
               | behind the scenes that don't see the light of day on
               | newspapers or can't be proven with hard data. Both
               | Samsung and TSMC are either instruments (TSMC) or
               | puppeteers (Samsung) of their states' foreign policies
               | and cannot just be viewed as big corporations, they are
               | players on the international stage in themselves.
        
               | lsllc wrote:
               | It's not unprecedented -- during the cold war, the US Air
               | Force spent $279M (~$3B in today's money) on building
               | some of the largest presses in the world specifically to
               | enhance the capabilities around building complex and
               | strong aircraft parts:
               | 
               | https://en.wikipedia.org/wiki/Heavy_Press_Program
        
               | stevenhuang wrote:
               | Wow. Attached is a fascinating doc going through the
               | specs and construction process of this feat https://web.a
               | rchive.org/web/20120227025023/http://files.asme...
               | 
               | It has pictures!
        
               | 55873445216111 wrote:
               | In practical terms, the government is just too slow to
               | actually help. They always shoot behind the target. The
               | semiconductor market is cyclical. By the time the CHIPS
               | Act, etc, actually get passed and implemented, the market
               | will already be in oversupply and voters/politicians will
               | complain about government handouts for these companies.
        
               | thorRay8383 wrote:
               | In practical terms the government is intentionally
               | hamstrung to appear incompetent:
               | 
               | https://about.usps.com/who-we-are/financials/annual-
               | reports/...
               | 
               | With a vote Congress destroys budgets and the narrative
               | is the PO sucks.
               | 
               | Government incompetence is private interest driven
               | propaganda
        
               | yeetsfromhellL2 wrote:
               | Yeah...sometimes. Starve the Beast tactics are real, and
               | they work, but I've seen the (county and state)
               | government really, _really_ mishandle things when they
               | had every reason and all the ability to do better. The
               | level of incompetence is so unbelievable that other
               | people who watched the same thing happen believe it was
               | 100% intentional. Three big factors that I usually see
               | which lead to stuff like that: money (wasn 't really a
               | factor here), ideology (almost certainly was) and general
               | incompetence (yep).
               | 
               | Government will screw you one way, corporations will
               | screw you in another way. I don't trust either.
        
               | squeaky-clean wrote:
               | But Congress is part of the government. So it's
               | hamstringing itself. It's the same line of thought when
               | some large dinosaur of a company purchases a startup.
               | "Welp, startup is going to suck in 2 years." It's not the
               | startup's fault, but to the consumer it's still going to
               | suck. It doesn't really matter why.
        
               | thorRay8383 wrote:
        
             | 55873445216111 wrote:
             | It takes >$10B and >2 years to build a fab which will be
             | effectively obsolete ~2 years after it opens. If it doesn't
             | open on schedule or is underloaded, the ROI goes negative
             | almost immediately. (I somewhat oversimplified this of
             | course but it's to make the point.)
        
               | hoseja wrote:
               | Obsolete? Automakers etc are huuuungry for old chips.
        
               | StillBored wrote:
               | Not just automakers, and not just old fabs. Not
               | everything needs the latest bleeding edge process. So,
               | even then some of the old processes get updated to
               | support larger wafers.
               | 
               | Ex: brand new 65nm fab:
               | 
               | https://www.electronicsweekly.com/news/business/bosch-
               | opens-...
               | 
               | So, 10-15 year ROI easy, and I'm guessing that might
               | stretch even further as the trend to ever smaller nodes
               | slows. AKA I'm betting 2nm doesn't look nearly as aged in
               | 2040 as 90nm looks today.
        
               | 55873445216111 wrote:
               | Yes but there is a huge technology gap. example:
               | Automakers need a lot more small low-power MCUs built on
               | ~130/90nm process. A 14nm fab that started 2 years ago is
               | never going to be producing those 130/90nm MCUs.
               | Furthermore, the semi toolmakers that produce the tools
               | needed to build 130/90nm chips stopped making those tools
               | years ago. This is a rabbit-hole that just keeps going.
               | The problem isn't going away soon or easily.
        
               | mjevans wrote:
               | Maybe three different 'bands' of production:
               | * cutting / bleeding edge (as now)       * 80/20 trailing
               | edge (5 year LTS of cutting edge)       * Cost focused
               | 'lifetime' LTS
               | 
               | It seems like the cutting edge is built, and transitioned
               | to the 80/20 already. It's that cost focused bulk
               | components / entry level that lacks investment or even
               | planning.
               | 
               | Maybe that's where some industry development and co-
               | ordination from regulators could help establish a market
               | that's healthy.
        
           | mistrial9 wrote:
           | > accumulated a serious underinvestment in capacity
           | 
           | says who? the world's rivers and oceans are polluted with
           | micro-plastics and heavy metals from E*Waste, while thirty
           | years of "wild west" profits and dog-eat-dog markets, COMDEX
           | and single-use devices will take 1000 years to degrade in
           | Nature.
           | 
           | Calls for "more" to be viewed with earned-suspicion IMO
        
             | btgeekboy wrote:
             | While I do agree that e-waste is a real problem, it's not
             | like we can just sit with old tech and say "nah, that's
             | good enough." We need both more and better fabs, and better
             | waste handling / recycling.
        
               | beamatronic wrote:
               | Maybe a certain level of tech IS good enough.
               | 
               | A better world for people means education and healthcare,
               | not a 1mm slimmer disposable phone.
        
               | peanuty1 wrote:
               | Newer chips are also more energy efficient (at least, at
               | the same level of performance).
        
               | TrevorJ wrote:
               | A phone from 3 years ago, running software from 4 years
               | ago would be as fast as anyone would reasonably need, but
               | it gets obsoleted via software bloat.
               | 
               | More frameworks, more layers of abstraction and no
               | confining force that forces anyone to write software that
               | isn't a bloated mess.
        
               | inetknght wrote:
               | > _it's not like we can just sit with old tech and say
               | "nah, that's good enough."_
               | 
               | But, why not?
        
               | potta_coffee wrote:
               | I'm of the opinion that what we have is good enough. What
               | we need are consumer devices that are not made with
               | planned obsolescence in mind. I have perfectly viable
               | devices that are sitting around that I don't want to
               | throw in a landfill, that are deprecated purely because
               | of software changes. It's clear when we can afford to
               | toss all of our ram / compute at running Electron
               | applications.
        
               | inetknght wrote:
               | I completely agree with you.
        
               | fennecfoxen wrote:
               | Because sooner or later no one will buy it. They will buy
               | the new tech with better performance at a fraction of the
               | cost, and your firm will go out of business -- or, if
               | subsidized, have its budget laughed out of Congress.
        
               | btgeekboy wrote:
               | Remember when someone famously said 640kb of memory ought
               | to be enough for anybody?
               | 
               | Imagine if video games' audio/video just stopped
               | improving past the SNES. Imagine if we decided that 56k
               | dialup was good enough. Imagine if we stopped improving
               | cell phone cameras past the iPhone 3G. These things seem
               | pretty low quality now because we've incrementally built
               | so many better things in the interim. The unleaded
               | gasoline of today is going to be as absurd as the leaded
               | gasoline of yesterday within many our lifetimes. But we
               | can't make big leaps without the interim nudges forward -
               | the N64, the DOCSIS cable modem, modern phone cameras,
               | hybrid vehicles. To do those, we need better microchips.
               | 
               | We also need more of them. Just because the richest areas
               | of the world have theirs doesn't mean the less-well-off
               | areas need to be shut out because they didn't get in on
               | time.
        
               | charcircuit wrote:
               | >Remember when someone famously said 640kb of memory
               | ought to be enough for anybody
               | 
               | No because that is a made up quote.
        
           | cjsplat wrote:
           | The wash out in the memory industry was generally the
           | opposite.
           | 
           | DRAM was a boom and bust market and during bust/oversupply
           | windows vendors that under invested in the next node
           | technology got washed out when the next boom cycle happened.
           | When the market is high volume, price per bit, and new nodes
           | are every 2 or 3 years, you can't really compete it your are
           | nearly 2x as expensive (30% linear improvement => 70% squared
           | cost per bit).
           | 
           | Of course you need to survive the dry times, but you make
           | maximum margin when you are on the next fab node and your
           | competition isn't.
           | 
           | I think what you are saying makes more sense when applied to
           | contract manufacturers than all semiconductor companies.
        
           | unethical_ban wrote:
           | I feel like there was a lesson about just-in-time inventory
           | for critical supply chains recently. Perhaps a product as
           | complex, sophisticated and absolutely necessary for a modern
           | society should have government guarantees.
        
             | stubish wrote:
             | What will the lesson be though? Once the dust settles, it
             | may well be that the savings over the last few decades
             | outweighs the losses due to the supply shortages. I guess
             | it comes down to how good the risk analysis was and if they
             | acknowledge that once-in-a-lifetime events happen many
             | times in a lifetime.
        
             | 55873445216111 wrote:
             | Honestly, the risks of just-in-time have always been know.
             | The problem is that holding excess inventory and/or reserve
             | capacity costs real money, and somebody has to pay for it.
             | Investors/managers drive out wasted costs or eventually
             | they go out of business. (Absent government support.)
        
           | kube-system wrote:
           | Maybe it's time to implement policies that encourage reserve
           | capacity, as we do with some other critical industries.
        
         | 2OEH8eoCRo0 wrote:
         | If chips are cheap then isn't it tougher to turn a profit
         | building wildly expensive fabs?
        
         | peppertree wrote:
         | If you wait on TSMC it would never happen. I'm bullish on Intel
         | to pull this off. Intel has the expertise, the right CEO to
         | execute, the government support, and most importantly the drive
         | for survival.
        
         | joe_the_user wrote:
         | The thing about chips that is causing all the paradoxical
         | effects we're seeing is that chip production extraordinarily
         | specialized and capital intensive. You can't just build more
         | chips - you have to build more chip factories for the type of
         | chip you want. And if you build more chip factories than you
         | need or factories of the wrong type, some of those factories
         | will be unprofitable, will shutdown, at high cost, and then you
         | will have fewer chips than you need, again.
        
         | cultofmetatron wrote:
         | plus, tsmc having the majority of their fabs in Taiwan is the
         | biggest incentive for the united states to step in if China
         | tries to invade.
        
         | axg11 wrote:
         | > West wants to have reliable access to chips without potential
         | war with China.
         | 
         | The West also wants reliable access to chips _despite_ war with
         | China.
        
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       (page generated 2022-04-21 23:01 UTC)