World News@lemmy.worldEnglish · 1 year ago

US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief for Taiwan

www.notebookcheck.net

173

US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief for Taiwan

www.notebookcheck.net

MuskyMelon@lemmy.world to

World News@lemmy.worldEnglish · 1 year ago

Desperate measures to save Intel: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief for Taiwan

www.notebookcheck.net

A new report out of Taiwan has revealed that the current US administration is tying the reduction on trade of trade tariffs on Taiwan to significant TSMC investment in the US. This investment includes a 49% stake in Intel.

Pure extortion

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1 year ago
Gotta love that free market capitalism, all guided by the invisible hand of the market.

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