Fear and resignation after ‘world’s most powerful company’ pays Trump a $100 billion ‘protection fee’
nearly 8,000 miles away, the mood was far from celebratory. Instead, the shock announcement last week has reignited fears in
Taiwan about losing its crown jewel, its world-beating semiconductor industry, to the US due to political pressure.
The island democracy’s former President Ma Ying-jeou wasted no time in accusing the ruling Democratic Progressive Party (DPP) of “selling TSMC” to Trump as a “protection fee.”
“This is a major national security crisis,” Ma, a member of the opposition Kuomintang (KMT), wrote on his
Facebook page on March 4, shortly after the White House signing ceremony. It will “’have a significant negative impact on people’s confidence, cross-strait relations and Taiwan’s future geopolitical position.”
To reassure the public, Taiwan President Lai Ching-te appeared alongside TSMC CEO CC Wei last week at Taipei’s presidential office, saying the company’s US investment would not undermine its commitment to and planned expansion in its home base.