Taiwan’s Tsai decries ‘rumours’ about chip investment risks | Business and Economy

The Taiwanese leader said her government is working hard to ensure continued investment in the key industry.

Taiwan’s President Tsai Ing-wen has dismissed “rumors” about the risks of investing in the island’s key semiconductor industry, saying the government is working to secure those investments. be continued.

Taiwan, home to the world’s largest contract chip manufacturer, TSMC, plays an important role in provides the chips used in everything from cars and smartphones to fighter planes. It is also a leading supplier to companies such as Apple Inc.

But the Chinese military’s threat to the island to assert Beijing’s sovereignty claims – especially after US House Speaker Nancy Pelosi visited Taipei in August – is causing the chip industry to think twice. Think again about the risks of investing in Taiwan.

Tsai, meeting ASML Holding CEO Frederic Schneider-Maunoury, praised the European company, a key supplier of equipment to chip companies like TSMC, for its commitment to invest in the island.

“At this time when the world is paying attention and concern to Taiwan, I am grateful to ASML for investing in Taiwan with concrete actions,” Tsai said, according to comments made by the president’s office. announced late Tuesday.

“I believe this also discredits the overly speculative rumors about Taiwan’s risks,” she added.

Rick Tsai, chief executive officer of Taiwan’s largest chip designer MediaTek Inc, told Reuters news agency this month that US-China tensions are prompting some manufacturers to talk about expanding part of the supply chain. their response beyond the island, but added that this was “incremental”. .

ASML dominates the global market for lithography systems, which project light to create microscopic circuits on a chip. TSMC uses ASML’s EUV machine to manufacture its most advanced chips.

ASML did not immediately respond to a request for comment on the meeting.

Tsai said investing in Taiwan is “definitely a very right direction” and the government will continue to support it.

“I also look forward to Taiwan continuing to strengthen cooperation with its democratic allies to build a safer and more resilient global supply chain,” she added.

The president’s office statement cited Schneider-Maunoury as telling Tsai that the company would continue to increase investment in Taiwan, pointing out that it already has five factories and employs more than 4,500 people on the island.


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