r/wallstreetbets • u/MikeMikeGaming AI bubble survivor • Jan 28 '25

News Trump To Tariff Chips Made In Taiwan, Targeting TSMC

https://au.pcmag.com/computers-electronics/109466/trump-to-tariff-chips-made-in-taiwan-targeting-tsmc

Why don't we kick Nvidia while it's down am I rite?

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310

u/[deleted] Jan 28 '25

People seem to forget that this idiot gave tax breaks to Foxconn to build a factory in Wisconsin that no one uses and didn’t increase jobs. Lol

31

u/HoneyBadger552 Jan 28 '25

Ooo boy i love seeing reminders of Fox. Wis rolled out the red carpet and got hammered financially

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u/bkbikeberd Jan 28 '25

At least they still got cheese production. Who needs high paying jobs when you can play with titties *from a cow.

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u/[deleted] Jan 28 '25

[removed] — view removed comment

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u/OmegaZeda Jan 28 '25

And Harley still built factories in India...

22

u/LessInThought Jan 28 '25

To be fair they probably paid him under the table.

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u/StrobeLightRomance Jan 28 '25

Exactly. Always and everyone. He's cutting the domestic chip production simply because it was signed by Joe B and didn't come with a handshake deal that nets the orange baboon an immediate $1M in his pocket.

I'm certain the baboon gets a healthy cut of the Stargate benefit.. a finder's fee for hooking up his Black Rock friend with a board seat on OpenAI.. which sounded a lot more important two days ago than it does today.

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u/[deleted] Jan 29 '25

Sure did. Look at that smile. Lol

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u/WhyIsSocialMedia Jan 28 '25

That was a 12D chess move to hurt BRICS. Take that Spain!

1

u/GeraltofAMD Jan 28 '25

Hahah yeah that was hilarious. Trump was all condescending as if the reporter isn't aware of what BRICS is, only to show HE doesn't know what BRICS is.

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u/fireinthesky7 Jan 28 '25

I thought that was Scott Walker right before he left office in Wisconsin?

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u/Acceptable_Bend_5200 Jan 28 '25

I forgot what roll Trump played in it, but he's definitely pictured at the groundbreaking. From what I recall, Wisco put up the funds/tax incentives, and we got nothing in return. Thanks Scott.

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u/[deleted] Jan 29 '25

Here you go.

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u/[deleted] Jan 29 '25

Nahhhh...

2

u/MrGulio Jan 28 '25

People seem to forget that this idiot gave tax breaks to Foxconn to build a factory in Wisconsin that no one uses and didn’t increase jobs. Lol

That they didnt end up building either. Foxconn just made out like crazy on that deal.

1

u/[deleted] Jan 28 '25

Wisconsin man here: This is incorrect. The tax incentives were given at the state level, by our very gerrymandered GOP led state legislature.

1

u/ChemicalKick5 Feb 01 '25

Ya...to foxcon then to trump,Walker, peribius and that knuckle head Janesville senator that I forgot his name.

1

u/Rich265 Jan 28 '25

He's an idiot? Did he win the count in Wisconsin? I'll wait.. Oh, he won all the Swing states, got it.

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u/[deleted] Jan 29 '25

Base being gullible and a candidate being a pathological lier doesn't mean either is smart.

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u/Slasher1738 Jan 28 '25

I don't even think they actually built the factory.

1

u/SaliferousStudios Jan 28 '25

I think I heard stories of stuff like chair races going on there.

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u/[deleted] Jan 29 '25

😂😂😂

1

u/nate_nate212 Jan 29 '25

The factory was never built. There weren’t even temporary construction jobs.

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u/[deleted] Jan 29 '25

Come on man.

https://en.m.wikipedia.org/wiki/Wisconn_Valley_Science_and_Technology_Park

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u/nate_nate212 Jan 29 '25

Why are you replying to every post defending the Foxconn deal.

The company built three buildings on the site. There is no factory.

https://www.msnbc.com/all-in/watch/biden-trolls-trump-over-foxconn-con-job-he-didn-t-build-a-damn-thing-210540101852

https://en.wikipedia.org/wiki/Mount_Pleasant,_Wisconsin#Economy

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u/[deleted] Jan 29 '25

It was supposed to be a factory for led panels. That was the point. And I am not defending a meaningless construction. I'm just saying that sh!t was built. Trump was even there with a golden shovel. So relax.

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u/nate_nate212 Jan 29 '25

The golden shovel is the groundbreaking. It doesn’t represent actual construction.

Nothing happened on site until after Covid.

1

u/[deleted] Jan 29 '25

You know what, you're right. Lol

1

u/nate_nate212 Jan 29 '25

Well, I guess a job was created to make the golden shovel. Those things arent sold at my Home Depot.

1

u/[deleted] Jan 29 '25

It's a factory without the tooling inside. It's not finished but it was intended to be a LED display panel factory. Holy crap.

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u/[deleted] Jan 29 '25

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u/555-Rally Jan 28 '25

Tax break for Carrier...still moved factory to Mexico. Some might remember this bs...

https://www.wfyi.org/news/articles/four-years-later-trump-carrier-deal-doesnt-slow-offshoring-as-some-had-hoped

I'd still say that Biden putting money into TSMC/Intel (whoever else?) was unnecessary, outside of the strategic need to get production away from Chinese military influence - let the market resolve this stuff. It at least made sense in that way.

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u/barnett25 Jan 28 '25

Why would we not take into account the strategic need to get production away from Chinese military influence?

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u/gabrielmuriens Jan 28 '25

outside of the strategic need

Yeah. THAT.