Pelosi meets with TSMC in Taiwan

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Home Speaker Nancy Pelosi had lunch with two prime executives from Taiwan’s largest semiconductor producer throughout her whistle-stop tour of the island, underscoring how important laptop chips have turn into to U.S. nationwide safety.

In a Fb submit on Wednesday, Taiwanese President Tsai Ing-wen stated that Pelosi and he or she attended a lunch with Morris Chang, the founding father of Taiwan Semiconductor Manufactuering Firm, and its chairman, Mark Liu, in addition to Chen Jianzhong, vice chairman of electronics producer Pegatron Corp.

“Everyone exchanged views on the deepening of cooperation between Taiwan and the United States in various fields…. Taiwan and the United States not only share the values of democracy, freedom and human rights, we also continue to work together on economic development and democratic supply chain cooperation,” Tsai stated.

Taiwanese media, citing feedback from a Taiwanese legislator, reported that Pelosi additionally held a separate dialog with TSMC’s Liu to debate chips. Pelosi’s workplace and TSMC didn’t instantly reply to requests for touch upon that.

The discussions got here days after Congress handed the Chips and Science Act, which supplies $52 billion in subsidies to incentivize chip producers to construct factories in the USA.

TSMC is anticipated to obtain a bit of these subsidies to assist fund manufacturing services it’s constructing in Arizona.

TSMC is the world’s largest chip producer and a significant provider to the USA and different Western nations. It’s by far the biggest of Taiwan’s chipmakers, which collectively produce greater than 90 p.c of the world’s highest-tech chips, in keeping with the Semiconductor Trade Affiliation. America makes use of TSMC-manufactured chips in F-35 fighter jets, Javelin missiles and different army gear.

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