Pompeo says TSMC’s $12 bln investment to increase US economic independence from China

  • 5/16/2020
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TSMC is a major supplier to Apple Pompeo said the investment will strengthen US-Taiwan ties 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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