Too little and too late. Draconian measures are necessary to push automakers into compliance and to push consumers to buy. It's expensive unless we want to sell out to China completely, but necessary and in the end, affordable.
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sell out to China completely
Sell what each region is best at. Mutual benefits. Crazy idea right?
EU tried that with Russia, then we were dependent on oil/gas, and somehow the dictatorial regime fscked us on Ukraine, and now all of us are wasting so much more time and money.
Everybody already knows China is going to invade Taiwan. The global chip market is not going to like that, and this will happen only because we played the good guy with a dictator.
And then all of this will be retroactively be seen as aiding and collaborating with evil, again.
"Curse your sudden and inevitable betrayal", again and again.
TSMC (taiwan) is the only company that has reached the latest and greatest chips tech. Apple gets their chips from Taiwan only. AMD. Intel. Everyone.
Taiwan does not let TSMC export the latest tech, exactly because they would lose USA protection.
...basically it's a 160B$ industry with something like 70% of the global output, as per last year data.
Now imagine Taiwan blowing up the industry to prevent China from controlling it, or China destroying the industry to crash the global economy, weaken the USA protection and come back a few years later.
China will not be affected much by the sudden non-existence of Taiwan Chip industry. They produce everything internally. The rest of the world would be thrown 5+ years back in terms of tech, and I don't even want to know how much it will take to ramp up older production elsewhere.
Remember the problems caused by Covid, where the car industry had problems getting chips? That was a mere shift in who gets the chips first, the production was still there.
70% less global chip production? Buy a cars/computers/whatever as soon as China invades, it's going to last you for a while.
While you're at it, you can also imagine an alien invasion. You would have to be out of your mind to destroy your country's economy on purpose this way. Did Hong Kong destroy its financial sector when it was politically overtaken by China? China depends on the global economy, it needs to avoid any crash because it is an exporting country. This argument is so irrational that I really don't know where people are getting it from. This is a total misunderstanding of Asia in general, Taiwan, Chinese culture, economy and geopolitics.
> China will not be affected much by the sudden non-existence of Taiwan Chip industry. They produce everything internally.
Of course they will! In 2024 China imported $385 billion worth of integrated circuits.