“Everybody exchanged views on the deepening of cooperation between Taiwan and the US in varied fields…. Taiwan and the US not solely share the values of democracy, freedom and human rights, we additionally proceed to work collectively on financial growth 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 the US.
TSMC is predicted to obtain a piece of these subsidies to assist fund manufacturing services it is constructing in Arizona.
TSMC is the world’s largest chip producer and a significant provider to the US and different Western nations. It’s by far the biggest 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 US makes use of TSMC-manufactured chips in F-35 fighter jets, Javelin missiles and different army tools.