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

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

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 ...