The Sino-US competition for TSMC's capital acquisition is difficult to achieve, and there is only one way out
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Iron teeth and copper teeth in the era of confrontation: the key to the dispute between China and the United States and TSMC.
In the context of the current Sino-US science and technology war, the rise and monopoly of the integrated circuit industry has become crucial. As one of the world's most advanced chip manufacturing technologies, TSMC has become the focus of competition between China and the United States. The two sides are competing not only for market share, but also for the commanding heights of future science and technology, and this battle is destined to be full of twists and turns. So, in this tug-of-war, we will wait and see how China and the United States will interpret this dispute and how China will respond.
Magnify. In the power pattern of the global technology industry that is gradually forming in the context of Silicon Valley and Shenzhen, the competition between the two is becoming increasingly fierce. In this wrestling between China and the United States, chips, as the vanguard of the digital era, have become the center of the game between the two sides. TSMC, as the leader of global chip manufacturing technology, has naturally become the focus of the world. The two sides are competing not only for market share, but also for the future technology wrestling field. In the future game, what kind of development trend will emerge, and how will China respond, let us work together.
China's capital acquisition strategy.
Unlike the United States, Chinese mainland is known for its cautious and rational capital acquisition strategy. It is not easy for China to pocket TSMC, because in addition to the military force required for an armed conflict against Taiwan, what is more precious is Taiwan's industrial chain and technological reserves. In this context, China has been adopting a cautious capital acquisition strategy, believing that it is better to use money to solve problems than to use force. However, in this battle, when Zhao Weiguo, chairman of Tsinghua Unigroup, tried to make the wafer manufacturing industry worthless through ambitious capital operation, we also saw the inability to rely solely on capital means to obtain basic technology. In fact, China did not break the deadlock through capital acquisitions, because TSMC has long been classified as a Taiwanese company and does not need too much intervention from China. As a result, China's capital acquisition strategy has not worked, and China has lost the tug-of-war.
Magnify. Unlike the United States, Chinese mainland has always been known for its prudence and wisdom in judging the situation. For China, the acquisition of TSMC is not an easy task, because in addition to the military forces required for an armed conflict with Taiwan, what is more valuable is Taiwan's industrial chain and technological reserves. In this context, China has adopted a cautious capital acquisition strategy, believing that it is better to solve the problem with money than by force. However, in this battle, when Zhao Weiguo, chairman of Tsinghua Unigroup, finally failed to expand the wafer manufacturing industry through capital operation, we also saw the inability to rely solely on capital means to obtain basic technology. In fact, China did not break the deadlock through capital acquisitions, because TSMC has long been classified as a Taiwanese-funded enterprise in China and does not need too much intervention from China. As a result, China's capital acquisition strategy did not work, and China lost the tug-of-war.
The high subsidy trap in the United States.
The United States has always represented the high-end with high subsidies and high-quality power, and its manipulation of TSMC is even more subtle. The manipulative strategy of the United States began with threats, taking advantage of anti-mainland sentiment on the island of Taiwan to create a crisis mentality. TSMC sees the greatest need for business development - security and stability, and the United States has taken advantage of this psychology and vigorously advocated it"It is safe only in the United States"。The U.S. has even put forward a proposal to incentivize TSMC, claiming that setting up a factory in the U.S. can subsidize development and promise to bring maximum benefits to the company. Such a commitment is naturally attractive to TSMC, because the company is pursuing nothing more than safe production and cost savings. However, TSMC's core competitiveness is still a concern, because TSMC is well aware that core technology is the foundation of its existence. The United States knows this well, through"Factories, subsidies, and commodities are not involved"cleverly pocketed TSMC. However, with the emergence of a series of changes such as political instability and benefit distribution in the United States, TSMC was unable to obtain the expected subsidies and could not achieve stable development in the United States, and ultimately failed.
Magnify. The U.S. has always represented the high end with high subsidies and incentives, and its manipulation of TSMC is more hidden. The U.S. strategy begins with threats and creates a crisis psychology by inciting anti-mainland sentiment in Taiwan. The United States has seized the biggest need for TSMC's business development - security and stability - and vigorously promoted it"The only safe place is the United States"of arguments. The United States even prepared a piece of candy for TSMC, saying that setting up a factory in the United States would receive a development subsidy, promising to bring the greatest benefits to TSMC. Such a commitment is naturally attractive to TSMC, after all, TSMC pursues nothing more than safe production and cost reduction. However, TSMC's core competitiveness remains a concern. TSMC realizes that core technology is the foundation of its existence. The United States is also well aware of this and skillfully passed"Set up factories, subsidize, and put aside core products"and other ways to bring TSMC into the bag. However, with the emergence of a series of changes such as political instability and profit distribution in the United States, TSMC neither received subsidies as expected, nor achieved stable development in the United States, and ultimately failed.
Summary. The TSMC dispute between China and the United States is ostensibly a game of capital acquisition and high subsidies, but in essence it is a challenge for scientific and technological innovation and independent research and development. Capital can promote the rapid development of the industry, and subsidies can reduce the cost pressure of enterprises, but only independent research and development is the fundamental strength of enterprises. In this competition, political factors and economic interests are intertwined, but they can really make enterprises invincible, and they dare not rely on their own technical capabilities and innovative spirit. Whether it is China or the United States, we must recognize this point, so that our scientific and technological strength can develop in the long run. For China, we must increase investment in independent innovation in the field of science and technology and continuously enhance our research and development strength in order to occupy a favorable position in this global competition in the field of science and technology. I hope that China's technology industry, especially in the field of chips, will be able to stand out as soon as possible and make real breakthroughs.
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