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Keep in mind, though, that TSMC is a core part of Taiwan’s strategic defense plans. They’re not likely to sit on their laurels and let another country take their crown away.
Which is good right? Fosters both competition and market resilience.
In the context of Taiwan themselves, and their desire to remain (in practice) sovereign and territorially independent: nope.
South Korea’s defense budget is $47 billion and rising, they wanna increase it to $59 billion by 2028