Taiwan Minister Says Concerns TSMC to Be Americanized Overblown
- Minister says chip supply chain unlikely to shift from Taiwan
- Official notes TSMC already has projects in US, Japan, Germany
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Taiwan’s government downplayed concerns that Taiwan Semiconductor Manufacturing Co.’s plans to invest a further $100 billion in the US will effectively lead to the chip-making giant becoming Americanized.
“TSMC already has plants in the US and Japan, and it’s now building new a plant in Germany,” Minister of Economic Affairs Kuo Jyh-Huei told reporters on Tuesday. “These have nothing to do with tariffs. TSMC’s global expansion is a crucial development.”