World News@lemmy.worldEnglish · 1 month ago

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

www.notebookcheck.net

174

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 month 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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Still authoritarian, even if we’re not currently expanding the empire.

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