Wednesday, August 3, 2022
HomeTechnologyPelosi meets with TSMC in Taiwan

Pelosi meets with TSMC in Taiwan



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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 very important laptop chips have turn out to be to U.S. nationwide safety.

In a Fb put up 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 predicted to obtain a piece of these subsidies to assist fund manufacturing services it is constructing in Arizona.

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

TSMC is the world’s largest chip producer and an important provider to america and different Western nations. It’s by far the most important of Taiwan’s chipmakers, which collectively produce greater than 90 p.c of the world’s highest-tech chips, in response to the Semiconductor Business Affiliation. America makes use of TSMC-manufactured chips in F-35 fighter jets, Javelin missiles and different army tools.

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