Taiwan Urges Calm on TSMC, Downplays Impact of Biden Chip Rules
- Biden administration announced new controls on chip exports
- Shares of Taiwanese chip giant fell by the most in 28 years
This article is for subscribers only.
Taiwan’s economic affairs minister downplayed the impact of new chip curbs on the island’s economy while urging investors to stay calm and believe in Taiwan Semiconductor Manufacturing Co.’s resilience.
“The reason Taiwanese investors are very panicking is because they do not have a good understanding of the very complicated rules,” Wang Mei-hua said Wednesday in an interview with Bloomberg News. Wang is in Washington for meetings with government officials and visited the Taiwan Expo summit.