TSMC US Investment Spark Political Controversy in Taiwan
Taiwan Semiconductor Manufacturing Co., better known as TSMC, is a Taiwanese multinational semiconductor company and the world’s largest dedicated independent semiconductor manufacturer. Recently, TSMC’s plan to invest in the United States has sparked a political controversy in Taiwan.
Background of TSMC
TSMC is the largest semiconductor foundry in the world and the largest chipmaker in Taiwan. It is the world’s largest dedicated semiconductor foundry, providing integrated circuits for various companies such as Apple, Qualcomm, Broadcom, and Nvidia. The company was founded in 1987 and has been offering foundry services since 1993.
TSMC US Investment Plan
TSMC has announced plans to invest up to $12 billion in the US over the next three years. The company plans to build a 5 nm chip plant in Arizona, which will be the first in the US. It will also build a research and development center in the US.
Political Controversy
The TSMC US investment plan has sparked a political controversy in Taiwan. Some Taiwanese politicians have argued that the investment plan is a move to shift the technological focus of the company away from Taiwan, and that it will hurt the Taiwanese economy.
Reasons for the Controversy
The controversy over the TSMC US investment plan is due to the fact that the US is Taiwan’s largest trading partner, and that any shift in the company’s focus away from Taiwan could have a negative impact on the Taiwanese economy. In addition, some Taiwanese politicians have argued that the investment plan is part of an effort by the US to gain control over the company, and that this could lead to the US gaining a stronger foothold in the semiconductor industry.
Effects of the Controversy
The political controversy has had a negative effect on TSMC’s stock price, which has dropped since the announcement of the US investment plan. In addition, the controversy has also caused a rift between the US and Taiwan, as some Taiwanese politicians have accused the US of attempting to gain control of the company.
Conclusion
The TSMC US investment plan has sparked a political controversy in Taiwan, and the effects of the controversy have been felt in the stock market and in the relationship between the US and Taiwan. While the controversy is unlikely to be resolved anytime soon, it is clear that the TSMC US investment plan has opened up a new chapter in the relationship between the two countries.
