Lets just say semiconductor manufacturing is the best example of regional competencies and global trade. Globalization has failed on many fronts and resulted i

Lets just say semiconductor manufacturing is the best example of regional competencies and global trade. Globalization has failed on many fronts and resulted in race to the bottom outcomes, but here it works well due to specialization. Having understood that, one can also see a core TSMC strength is that Taiwanese workers are disciplined and work long hours for moderate pay, a culture that European and American labor will never accept. So all these new factories in US/EU should be treated as high cost alternatives, justifiable only for non cost-sensitive customers like defence/aerospace/high end cars.