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Pelosi Visit Highlights TSMC and Taiwan’s Global Tech Import

  • The world’s biggest chipmaker is essential part of Pelosi trip
  • US has been working to isolate China from advanced chipmaking
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WATCH: Pelosi pledged that the US wouldn’t abandon Taiwan, reaffirming support for the democratically elected government in Taipei.Source: Bloomberg

One of Nancy Pelosi’s key meetings on her whirlwind tour of Taiwan reportedly is TSMC, the island’s most valuable company and world’s biggest contract chipmaker.

The US House Speaker is meeting Taiwan Semiconductor Manufacturing Co. Chairman Mark Liu on Wednesday to discuss Congress’ recently passed Chips and Science Act and its $52 billion in subsidies for new chip manufacturing plants on American soil, according to a Washington Post report. It’s a notable stop in an itinerary otherwise packed with government agencies and symbolic photo ops and underscores not just the strategic importance of the island, but its outsized technological weight in the global economy.