Pelosi Meets With Taiwan’s Top Chip Industry Leaders
(It's ALL about DEMOCRACY !) The House speaker's trip came after Congress passed a bill that includes $52 billion to subsidize domestic chip manufacturing by Dave DeCamp Posted on August 3, 2022 Categories News Tags Taiwan While in Taiwan House Speaker Nancy Pelosi (D-CA) met with the island’s top semiconductor industry leaders as the US is looking to gain an edge on China when it comes to chip manufacturing. Pelosi’s trip came after Congress passed the CHIPS and Science Act, a massive $280 billion piece of legislation that includes $52 billion in subsidies for companies to build and expand chip manufacturing facilities. Pelosi met with the chairman of Taiwan Semiconductor Manufacturing Co (TSMC), the world’s biggest chip manufacturer, to discuss the CHIPS and Science Act . The meeting signals that the US is looking to entice TSMC to open more facilities in the US with the subsidies included in the legislation. TSMC is currently building a $12 billion semiconductor fa