Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Taiwan used to be just fishing villages, the idea that it could become a powerhouse chip manufacturer was just pure fantasy.


It took several decades of consistent development. It is not possible to do that, in US with 4 year election cycle. Next gov will just roll back all reforms, and redirects all money...


Case in point: https://www.politico.com/live-updates/2025/03/04/trump-joint...

But ultimately, this is why America should look towards congress for enacting lasting change.


exactly is not like a president can override congress powers and be able to dismantle agencies or set tariffs for example. everyone will trust the stability of the policies then.


I think its more of a lack of commitment from congress to stop it. They have tools available, they haven't really used them.


What is the takeaway of your comment? That no president should undertake projects requiring more than 4 years?


Presidents can work with Congress to pass laws that last more than 4 years. We used to do that kind of thing around here but now that it's all just a big game open only to the outrageously wealthy, tit for tat and I got mine are the norm. There is no path for progress in that system. We must return to the old way of doing things where the executive and the legislature work together on the critical items that cannot be solved for in 4 or 8 years.


Given the current direction and pace it's the only sane conclusion, we went from fragile stability to complete chaos in a few decades


What stability "a few decades" ago? Are you referring to the Cold War when we thought the US and USSR might end the world in nuclear war?

What chaos? The market going down a little bit?


I in no way think you are responding in good faith, but the relevant bit to this discussion is the very public killing of the CHIPS Act: https://www.politico.com/live-updates/2025/03/04/trump-joint...


He is responding in good faith. You lack historic perspective.

CHIPS act is still in place

https://www.techtarget.com/searchcio/news/366622293/Trump-pu...

If that is repealed, it would be replaced by something with more favorable terms for the US.

TSMC is investing $65B to build three fabs in Arizona.


Isn't it primarily in place because the money was already spent? And someone had to later tell our 'leader' that what he said was nonsense?


Yes, and?

Are you against negotiating a better deal?


You know that time of stability a few decades ago when tens of millions of Chinese were starving to death and being massacred in the Cultural Revolution.


Imagine if Trump pulled young men's name from a lottery and forced them to go shoot people on the other side of the Earth in defense of "capitalism".

That is literally what my father and his friends dealt with as young men after dealing with the Cuban Missile Crisis as children.

I only dealt with this one time in 1st grade. Air raid drill, get under the desk kids and cover your head to practice in the event the Russians drop a megaton h-bomb on the school.

Or the stability of WW1 or WW2?

1990 to 2020 was a wonderful time, I feel so lucky to have lived my life then but that was a completely abnormally calm time in history.


Yes the 20th century was insane.

But we had the GFC in 2008. Millions of people lost their homes, lost their job, lost their savings.

1990's were pretty stable.


More like no president can undertake projects requiring more than 4, or at best 8, years.


> It is not possible to do that, in US with 4 year election cycle.

Taiwan also seems to have a 4 year election cycle. It may be something about a culture that cannot think long term any more ...


Also, it would require democrats and republicans working together for the common good, which is not a thing anymore.


> It took several decades of consistent development.

Well... and massive investments. Where did those come from?

> It is not possible to do that, in US with 4 year election cycle

The great thing about Trump is he has made everyone forget that Congress exists and has these responsibilities.

> Next gov will just roll back all reforms, and redirects all money...

The other great thing is people forget Trump has donors and investors on his side who benefit from all these changes. The next administration will be just as beholden to these interests as this one is. The current US president is just a branded token of the elites. It's meant to keep the population in check not create a policy free for all.


Congress has made everyone forget that Congress exists by delegating enormous amounts of their power to the executive. They could reassert their power over tariffs at any time, but they won't.


Taiwan is a democracy with 4 year elections. When Taiwan operated in one party rule under the Chiang family they did not make significant economic progress.


> When Taiwan operated in one party rule under the Chiang family they did not make significant economic progress

This is objectively wrong.

Taiwan made tremendous economic progress during the period of one-party rule under Chiang Kai-shek and later his son Chiang Ching-kuo. During the KMT's authoritarian rule from the late 1940s through the 1980s, Taiwan experienced the "Taiwan Miracle". Land reforms in the 1950s boosted agricultural productivity and created a rural middle class. In the 1960s Taiwan shifted from an agriculture-based economy to an export-oriented industrial economy, and by the 1980s Taiwan had one of the fastest-growing economies in the world, with GDP growth rates often exceeding 8-10% annually. Chiang pursued an export-led growth model, encouraging foreign investment and industrial development, supporting industries like semiconductors, which is why you have TSMC today.

The KMT government also made major investments in education, particularly in science and engineering, hugely increasing literacy rates. All these strategic initiatives and policies meant that Taiwan became one of the Four Asian Tigers by the 1980s.

On a slightly related note, on Taiwanese social media today it is not uncommon to come across Taiwanese people lamenting that the KMT built the TSMC, and the DPP is selling it out. Whether this is a fair and accurate assessment of the DPP is another discussion, but this seems to be the sentiment among many Taiwanese these days.


Credit where credit is due, you're right. I'll admit, I was very unimpressed with the Chiang family's rule in general and ascribed the success of Taiwan to them not being charge, which was not correct. Quoting from the end of the wikipedia background article on the Taiwan Miracle:

> After retreating to Taiwan, Chiang learned from his mistakes and failures in the mainland and blamed them for failing to pursue Sun Yat-sen's ideals of Tridemism and welfarism. Chiang's land reform more than doubled the land ownership of Taiwanese farmers. It removed the rent burdens on them, with former land owners using the government compensation to become the new capitalist class. He promoted a mixed economy of state and private ownership with economic planning. Chiang also promoted a 9-years compulsory education and the importance of science in Taiwanese education and values. These measures generated great success with consistent and strong growth and the stabilization of inflation.


"Next Administration" LOL


if you believe that, i have a bridge to sell you. the us government has a very definite consistent policy trajectory. only culture war issues sort of sometimes wobble. usually republicans shake things up and democrats cement in the changes.


Integrated circuits were invented in Silicon Valley, California.

Intel has factories in the US.

"Trump and TSMC announce $100 billion plan to build five new US factories"

https://www.reuters.com/technology/tsmc-ceo-meet-with-trump-...

Democrats and Republicans are united on this. They all want semiconductors manufactured domestically.


People underestimate the importance of individuals sometimes, like Morris Chang, without whom Taiwan would probably be more comparable to SK or Vietnam.


So was Shenzhen.


If you're ever in Shenzhen, I recommend going to the Shenzhen Museum. It's pretty amazing to see how quickly it grew (~40 years), and the level of stuff that they were making early on vs now.

Another big take away for me was that they highlighted who had been the chief customs officer over time. Controlling the flow of goods in and out is matter of pride for Shenzhen and China.




Consider applying for YC's Fall 2025 batch! Applications are open till Aug 4

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: