Pompeo says TSMC's $12 billion investment to increase U.S. economic independence from China | The Business Standard
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FRIDAY, JUNE 09, 2023
Pompeo says TSMC's $12 billion investment to increase U.S. economic independence from China

Coronavirus chronicle

Reuters
15 May, 2020, 11:50 am
Last modified: 15 May, 2020, 11:55 am

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Pompeo says TSMC's $12 billion investment to increase U.S. economic independence from China

Pompeo said the investment will strengthen U.S.-Taiwan ties

Reuters
15 May, 2020, 11:50 am
Last modified: 15 May, 2020, 11:55 am
FILE PHOTO: US Secretary of State Mike Pompeo speaks at a business leaders reception at the Museu de Moeda in Luanda, Angola February 17, 2020. Andrew Caballero-Reynolds/Pool via REUTERS
FILE PHOTO: US Secretary of State Mike Pompeo speaks at a business leaders reception at the Museu de Moeda in Luanda, Angola February 17, 2020. Andrew Caballero-Reynolds/Pool via REUTERS

Chipmaker Taiwan Semiconductor Manufacturing Co's $12 billion investment in the United States will increase US economic independence from China, Secretary of State Mike Pompeo said in a statement early on Friday.

TSMC, a major supplier to Apple Inc announced on Friday it will build a $12 billion chip factory in Arizona, in what the company called a "strong partnership" with the US government. Pompeo said the investment will strengthen US- Taiwan ties.

"TSMC's announcement comes at a critical juncture, when China is competing to dominate cutting-edge technology and control critical industries. The TSMC facility in Arizona will increase US economic independence", Pompeo said on Friday.

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USA / Mike Pompeo / Economic independence

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