Wednesday, September 28, 2022
Home Technology Pelosi meets with TSMC in Taiwan

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 very important pc chips have turn into to U.S. nationwide safety.

In a Fb publish on Wednesday, Taiwanese President Tsai Ing-wen mentioned that Pelosi and she or he 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.

“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.

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