TSMC's $65B Investment In US Will Help Avoid Trade Imbalance, Says Taiwan Central Bank Governor As Trump Returns To White House

Quick Summary:

Amid concerns over potential trade penalties from the U.S., Yang Chin-long, the governor of Taiwan’s central bank, has voiced optimism for Taiwan Semiconductor Manufacturing Co.’s (NYSE:TSM) upcoming $65 billion investment in U.S.factories.

What Happened: During a legislative session, Yang highlighted the strategic significance of semiconductors and tech products manufactured in Taiwan, noting their essential role in the U.S.supply chain, Reuters reported on Thursday.

He stated, “Chips and information and telecommunications products are what the U.S.needs most. I don’t think the United States would penalise Taiwan.” Yang mentioned that TSMC’s plan to invest $65 billion in new factories in Arizona would help address ...

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Author / Journalist: Pooja Rajkumari

Category: Technology

Markets: United StatesChinaTaiwan

Topics: US67066G1040 TSM Global General Semiconductor Tech Tariffs Benzinga Pooja Rajkumari NVDA Stories That Matter Taiwan Benzinga neuro AAPL US8740391003 US0378331005 News Donald Trump Yang Chin-long

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 13:54:56 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 339 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23586420

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