Apple supplier TSMC says it has discussed moving chip fabs out of Taiwan but such a move impossible

Major Apple supplier TSMC, the Taiwanese contract chipmaker whose major clients include Apple and Nvidia, said on Tuesday it had held talks with some customers about moving its chip plants off the island as tensions mounted with China, but such a move would be impossible.
Faith Hung, Max A. Cherney, and Ben Blanchard for Reuters:
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Tensions between China and Taiwan have increased sharply since Beijing launched war games around the democratically governed island last month following inauguration of Taiwan President Lai Ching-te, who Beijing denounces as a “separatist.”
“Instability across the Taiwan Straits is indeed a consideration for supply chain, but I want to say that we certainly do not want wars to happen,” Taiwan Semiconductor Manufacturing Co. Chairman C.C. Wei told reporters after the company’s annual general meeting.
He said it would be impossible to move chip factories out of the island, given that 80-90% of its production capacity is in Taiwan.

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MacDailyNews Take: Nothing is impossible, especially if/when confronted with no other recourse.
Note that TSMC’s entire annual operating expenses for 2023 were $40.5 billion. Apple just announced $110 billion in additional stock buybacks. Apple’s 2018 buyback plan totaled $100 billion. In 2021-2023, Apple’s buyback plans amounted to $90 billion each year. Again, if/when push comes to shove, nothing is impossible.
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