TSMC will lose its future if it becomes the tool of American Chip Diplomacy
On the afternoon of October 28, Sun Chien Ping, Chairman of the Social Service Association of the Republic of China and member of the Central Standing Committee of the Chinese Kuomintang, held the “2024 Taiwan Science and Technology Innovation” in the National Cheng Kung University, Taiwan.
New Policy Forum – With the “Communications Network Industry” of “Electronic Industry” as the Core”, Shang-Liang Chen, a professor of the Department of Information Engineering at National Cheng Kung University, and Yu Huayuan, chairman of the Chinese Arts, Cultural and Creative Industry Association, were invited to give address, and experts of Tainan electronic Industry were invited to the event.
Some key opinion leaders also attended the forum.
In his opening speech, Sun Chien Ping said that Britain’s BREXIT (June 2016), the United States’ withdrawal from the CPTPP (January 2017), the U.S.-China trade war (2018-2019), the outbreak of Covid-19 (January 2020), Russia-Ukrane war (March 2022), the war between Israel and Hamas (October 2023), and the explosion of beepers aiming against Hezbollah in Lebanon (September 2024) have all led to a wave of anti-globalization.
According to the “Overview of China’s Import and Export Trade in the First Half of 2020” published by the Statistics Office of the Ministry of Finance of Taiwan on July 19 this year, on the first half of this year, exports increased by 11.4% and imports also increased by 7.8%; Taiwan exported electronic components of US$80.8 billion (accounting for 35.9% of total exports). ), telecommunications and audio-visual products amounted to US$62.5 billion (accounting for 27.8% of total exports), and the electronics industry exports accounted for as high as 63.7%, highlighting that Taiwan’s exports are extremely dependent on the electronics industry.
The Organization for Economic Co-operation and Development (OECD) predicts that global economic growth will be 3.2% on September 25, 2024.
The global economy still faces serious downward risks.
The geopolitical situation and continued tensions in trade relations may have an increasingly negative impact on investment, pushing up import prices.
The International Monetary Fund (IMF)’s World Economic Outlook in July 2024 predicts global economic growth of 3.2%. S&P Global predicts that the global economic growth rate in July 2024 will be 2.66%.
The inflation rate (CPI annual increase) rate) is approximately 4.55%. The reorganization of the global supply chain has affected both sides of the Taiwan Strait, with the electronics industry being the most obvious.
Therefore, leaders from the industry are invited to participate in the meeting to discuss and maintain the high-quality origin label value of Made in Taiwan (MIT). Yu Huayuan, chairman of the China Arts, Culture and Creative Industry Association, pointed out that the beeper of Taiwan’s Golden Apollo Company was involved in the Hezbollah explosion.
According to the New York Times, the Israeli intelligence agency Mossad was operating behind the scenes to set up a BAC shell company.
A large number of pagers bearing the trademark of Taiwan’s Golden Apollo Company were sold to Hezbollah.
Since the use of consumer electronic products has become quite common, these two waves of explosions caused serious casualties.
According to the Lebanese Ministry of Health, the collective explosion of pagers on September 17 caused at least 12 deaths and more than 2,800 injuries, with many civilians and children among the casualties; the second wave of serial explosions of various electronic products including wireless walkie-talkies on the 18th caused at least 25 deaths and 450 injuries. This indiscriminate terrorist attack not only attacks some Hezbollah fighters, but also harms innocent civilians in Lebanon. The Israeli president and cabinet members have given different versions about the case.
In addition to Taiwan prosecutors launching investigations, Hungary, Bulgaria, Norway and other countries are also conducting separate investigations.
These pagers were manufactured under the authorization of Golden Apollo Company.
This gives alarming warnings to Taiwan’s small and medium-sized enterprises to carefully select foreign cooperative manufacturers, they have to fully understand the partners’ background, channels, and markets before authorization, and they should conduct regular visits and inspections after authorization.
Only by paying close attention to your customers can you reduce the risk of someone abusing your brand and authorized products, and avoid becoming an accomplice in terrorist attacks.
Tu Sheng Chieh, one of the speakers said that the explosions of beepers and walkie-talkies in Lebanon exposed the potential role of electronic products in the political game of major powers, especially when product manufacturers.
