FDI has slumped as businesses are warned to take on burden of protecting their staff if Beijing attacks

cross-posted from: https://lemmy.zip/post/44264978

https://archive.is/9kma5

Japanese diplomats told company risk officers that “you are on your own if you put significant assets in Taiwan”, said one person present at one of the conversations.

Foreign direct investment by Japanese companies — traditionally Taiwan’s third-largest source of FDI, after the EU and US — slumped 27 per cent last year to $452mn, and is down from a peak of $1.7bn in 2022.

  • Trapped In America@lemmy.dbzer0.comEnglish
    3·
    22 days ago

    Seeing as TSMC is currently scaling up fab production in the US with their new fabs means they’re feeling that pressure and made the deal with the promise of US protecting them.

    Context for anyone wondering: These new fabs will NOT being using their latest 2nm processes, but their 4nm FinFET process. Meaning we’ll still be reliant on Taiwan itself for their latest and greatest.