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Pelosi meets with TSMC in Taiwan


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

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

“Everybody exchanged views on the deepening of cooperation between Taiwan and the USA in numerous fields. . . . Taiwan and the USA not solely share the values of democracy, freedom and human rights, we additionally proceed to work collectively on financial improvement and democratic provide 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 piece of these subsidies to assist fund manufacturing amenities it is constructing in Arizona.

In an announcement, Pelosi stated her delegation “conveyed how our CHIPS and Science Act will go a protracted solution to strengthening each our economies, in addition to expressed our assist for a twenty first Century commerce framework.”

TSMC is the world’s largest chip producer and a significant provider to the USA and different Western nations. It’s by far the most important of Taiwan’s chipmakers, which collectively produce greater than 90 % of the world’s highest-tech chips, in response to the Semiconductor Business Affiliation. The US makes use of TSMC-manufactured chips in F-35 fighter jets, Javelin missiles and different navy gear.



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