Global Tech Import:  Pelosi Meets Taiwan’s Biggest Semiconductor Manufacturer

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

The US House Speaker met with 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.

Taiwan is home to industry-leading chip factories as well as an industrial base that supplies key components for electronics, medical equipment and sensitive nuclear power and military use. US officials have said that Beijing gaining access to the technology and expertise housed in Taiwan constitutes a security risk. China, which considers Taiwan a region under its jurisdiction, has called the Speaker’s visit to the island “provocative.”

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