Comment on US fab construction costs twice as much, takes twice as long as Taiwan
scarabic@lemmy.world 1 day agoTaiwan absolutely found a niche. Its manufacturing capability is what makes it a strategic ally for the US.
Singapore’s niche is more like several niches from financial services to precision manufacturing and medical research. But it all runs on their skilled workforce. Not “politics.”
electric_nan@lemmy.ml 1 day ago
I’m saying Taiwan was able to develop its niche due to its strategic (geographic) interest to the US, not the other way around. China has raised millions out of poverty via cheap labor, yes. However, the reason is that its size allows it to maintain ownership of the profits, which are reinvested in China.