TSMC CEO not attending Trump inauguration amidst heightened tensions
TSMC CEO not attending Trump inauguration amidst heightened tensions
[ad_1]
President-elect Donald Trump will be sworn in on January 20 and several big-name tech leaders will attend the ceremony. (TSMC)Taiwan Semiconductor Manufacturing Company) but he has I have decided not to donate to or attend Trump's inauguration.
Big tech companies like Google, Apple, Microsoft, Meta, and OpenAI have donated huge sums to the incoming president's inauguration. It is worth noting that these donations exceeded those made to the previous administration, due to... Tech companies want to get on Trump's good side.
Doing so is crucial for these companies to obtain exemptions Tariffs proposed by Donald Trump that could make business more difficult. Companies that are not exempt from these tariffs will either have to pass on the increased cost to consumers or reduce the cost of their products.
CC Wei, CEO of TSMC, said the company will not donate to the opening ceremony or send anyone to attend. Wei said this is because TSMC likes to keep a low profile but I think there may be something a little deeper here.
Apple CEO Tim Cook got the company exempt from tariffs during Trump's first term. | Image credit – Apple
Trump has previously said that TSMC "stole" American business and put it in Taiwan. Other similar observations suggest that the next president may pose a threat to TSMC's business model. After these statements TSMC has halted work at its US factory while it waits to see what Trump will do after taking office. Donating to the inauguration does not guarantee that TSMC's problems will be solved, so I think it makes sense for the company to stay put. And monitor at the present time. Tariff threats may turn out to be meaningless and TSMC may continue operations as usual.
But if Trump is serious about all this, TSMC may have to completely reevaluate how it deals with the United States. The company is one of those “too big to fail” entities and making enemies with it will only harm American companies in the near term. future.
Then again, maybe TSMC is betting on Apple and other companies that rely on its chips to get Trump off its back.
President-elect Donald Trump will be sworn in on January 20 and several big-name tech leaders will attend the ceremony. (TSMC)Taiwan Semiconductor Manufacturing Company) but he has I have decided not to donate to or attend Trump’s inauguration.
Big tech companies like Google, Apple, Microsoft, Meta, and OpenAI have donated huge sums to the incoming president’s inauguration. It is worth noting that these donations exceeded those made to the previous administration, due to… Tech companies want to get on Trump’s good side.
Doing so is crucial for these companies to obtain exemptions Tariffs proposed by Donald Trump that could make business more difficult. Companies that are not exempt from these tariffs will either have to pass on the increased cost to consumers or reduce the cost of their products.
CC Wei, CEO of TSMC, said the company will not donate to the opening ceremony or send anyone to attend. Wei said this is because TSMC likes to keep a low profile but I think there may be something a little deeper here.
Apple CEO Tim Cook got the company exempt from tariffs during Trump’s first term. | Image credit – Apple
Trump has previously said that TSMC “stole” American business and put it in Taiwan. Other similar observations suggest that the next president may pose a threat to TSMC’s business model. After these statements TSMC has halted work at its US factory while it waits to see what Trump will do after taking office. Donating to the inauguration does not guarantee that TSMC’s problems will be solved, so I think it makes sense for the company to stay put. And monitor at the present time. Tariff threats may turn out to be meaningless and TSMC may continue operations as usual.
But if Trump is serious about all this, TSMC may have to completely reevaluate how it deals with the United States. The company is one of those “too big to fail” entities and making enemies with it will only harm American companies in the near term. future.
Then again, maybe TSMC is betting on Apple and other companies that rely on its chips to get Trump off its back.
