Interesting. So what I’m getting from your comment is that you’re implying the US wanted China to hopefully cripple Taiwan’s semiconductor industry to hopefully shift the balance of power back to American companies
Makes sense
Another thing I’m really curious about is whether TSMC owners will want to shift operations to China. If the sand import ban breaks their business, they may choose to operate in mainland to gain back access to their silicon. I wonder if that may be PRC’s end goal with the sand block
Call me crazy but I think the US imperialists are forcing their lapdogs to kneecap themselves for the sake of the US economy everyhere. This shit with Ukraine has the EU making decisions that are causing their inflation to outpace the US thus making the dollar more valuable. Now this shit with Taiwan helping the US semiconductor business. They see their power waning and are having their “vassals” sacrifice themselves
Yes i was saying the same when EU imposed those idiotic sanctions on Russia. Proxy war and participating in US imperialism is one thing, because we all know what are the “social-democracies” (seriously hard to even use that word anymore since 90’s and complete neoliberalisation of all european socdem parties) are buld on, but this crippling of their economy for the sake of their overlord is something completely opposite - before they participated in imperialism and gained and now they even more heavily do it and lose.
That’s might be one of the reasons why even the SK leader avoided meeting with the old witch lol, probably wanted to force SK to kneecap themselves by moving their chip production to the US
Smart lad you are, I should’ve researched into shareholders, of course
You’ve inspired me to dig specifically into voting rights and I found something pretty interesting
“As of March 31, 2007, common shares were registered in the name of a nominee of Citibank, N.A., the depositary under our ADS deposit agreement.” It’s old but 2007 is the latest F-3 that TSMC HQ filed (source: https://investor.tsmc.com/english/sec-filings)
“According to the R.O.C. Company Law, the voting rights attaching to the deposited securities must be exercised as to all matters subject to a vote of shareholders collectively in the same manner, except in the case of an election of directors.”
So looks like in the end it all comes down to what Taiwanese shareholders want to do since all foreign shareholders should have ADS due to China locking foreigners out from buying actual shares in their country’s companies (outside of HK exchange)
Edit: Hmm, actually looks like TSMC is listed on the NYSE as well $TSM. Need to look further into voting rights of those
Update: It’s literally in the first paragraph of the SEC doc. “Our ADSs are listed on The New York Stock Exchange under the symbol “TSM””
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Interesting. So what I’m getting from your comment is that you’re implying the US wanted China to hopefully cripple Taiwan’s semiconductor industry to hopefully shift the balance of power back to American companies
Makes sense
Another thing I’m really curious about is whether TSMC owners will want to shift operations to China. If the sand import ban breaks their business, they may choose to operate in mainland to gain back access to their silicon. I wonder if that may be PRC’s end goal with the sand block
Call me crazy but I think the US imperialists are forcing their lapdogs to kneecap themselves for the sake of the US economy everyhere. This shit with Ukraine has the EU making decisions that are causing their inflation to outpace the US thus making the dollar more valuable. Now this shit with Taiwan helping the US semiconductor business. They see their power waning and are having their “vassals” sacrifice themselves
Yes i was saying the same when EU imposed those idiotic sanctions on Russia. Proxy war and participating in US imperialism is one thing, because we all know what are the “social-democracies” (seriously hard to even use that word anymore since 90’s and complete neoliberalisation of all european socdem parties) are buld on, but this crippling of their economy for the sake of their overlord is something completely opposite - before they participated in imperialism and gained and now they even more heavily do it and lose.
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That’s might be one of the reasons why even the SK leader avoided meeting with the old witch lol, probably wanted to force SK to kneecap themselves by moving their chip production to the US
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Smart lad you are, I should’ve researched into shareholders, of course
You’ve inspired me to dig specifically into voting rights and I found something pretty interesting
“As of March 31, 2007, common shares were registered in the name of a nominee of Citibank, N.A., the depositary under our ADS deposit agreement.” It’s old but 2007 is the latest F-3 that TSMC HQ filed (source: https://investor.tsmc.com/english/sec-filings)
“According to the R.O.C. Company Law, the voting rights attaching to the deposited securities must be exercised as to all matters subject to a vote of shareholders collectively in the same manner, except in the case of an election of directors.”
Source for quotes: https://www.sec.gov/Archives/edgar/data/1046179/000114554907000749/h01195fv3asr.htm (ctrl-F “voting”)
So looks like in the end it all comes down to what Taiwanese shareholders want to do since all foreign shareholders should have ADS due to China locking foreigners out from buying actual shares in their country’s companies (outside of HK exchange)
Edit: Hmm, actually looks like TSMC is listed on the NYSE as well $TSM. Need to look further into voting rights of those
Update: It’s literally in the first paragraph of the SEC doc. “Our ADSs are listed on The New York Stock Exchange under the symbol “TSM””
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I remember Marx writing that in the development of capitalism, even the capitalists themselves are becoming uneeded. Pure parasites.