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Pelosi meets with TSMC in Taiwan


House Speaker Nancy Pelosi (D-Calif.) lunched with two top executives from Taiwan’s largest semiconductor manufacturer during her whistle-stop tour of the island, highlighting how important computers are chips for US national security.

In a Facebook post on Wednesday, Taiwan President Tsai Ing-wen said that Pelosi and she attended a lunch with Morris Chang, the founder of Taiwan Semiconductor Manufacturing Company, and its chairman, Mark Liu, as well as Cheng Jianzhong, vice chairman of electronics manufacturer Pegatron.

“Everyone exchanged views on deepening cooperation between Taiwan and the United States in various fields. . . . Taiwan and the United States not only share the values ​​of democracy, freedom and human rights, we also continue to work together in economic development and democratic supply chain cooperation,” Tsai said.

Taiwanese media, citing comments from a Taiwanese lawmaker, reported that Pelosi also held a separate conversation with TSMC’s Liu to discuss chips. Pelosi’s office and TSMC did not immediately respond to requests for comment on that.

The discussions came days after Congress passed the Chips and Science Act, which provided $52 billion in subsidies to encourage chip makers to set up factories in the United States.

TSMC is expected to receive a portion of the subsidies to help finance the manufacturing facilities it is building in Arizona.

TSMC is the world’s largest chip manufacturer and an important supplier to the United States and other Western countries. It is the largest of Taiwan’s chipmakers, which together produce more than 90 percent of the world’s top technology, according to the Semiconductor Industry Association. The United States uses TSMC-manufactured chips in F-35 fighter jets, Javelin missiles and other military equipment.

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