Thursday, August 4, 2022
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Pelosi meets with TSMC in Taiwan



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

In a Fb submit on Wednesday, Taiwanese President Tsai Ing-wen mentioned that Pelosi and he or she 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 america in numerous fields. . . . Taiwan and america 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 mentioned.

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 gives $52 billion in subsidies to incentivize chip producers to construct factories in america.

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

In a press release, Pelosi mentioned her delegation “conveyed how our CHIPS and Science Act will go a protracted approach to strengthening each our economies, in addition to expressed our help for a twenty first Century commerce framework.”

TSMC is the world’s greatest chip producer and a significant provider to america 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 line with the Semiconductor Trade Affiliation. The USA makes use of TSMC-manufactured chips in F-35 fighter jets, Javelin missiles and different navy gear.

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