U.S. Democratic Senator Ed Markey speaking in Taipei. File photoBEJING, Aug 16Taiwan Semiconductor Manufacturing Co., the world's largest semiconductor manufacturer. (TSMC) discussed investment projects in the United States with a delegation of US congressmen during their visit to Taiwan, the Central Island News Agency reported Tuesday, citing company representatives. A delegation of US congressmen led by Senator Ed Markey visited Taiwan on August 14-15. During the visit, the congressmen met with senior Taiwanese officials and discussed US-Taiwan relations, regional security, trade and investment, and other issues. This is the second delegation of high-ranking US officials to visit the island in a month, on August 2-3, a delegation led by Speaker of the House of Representatives Nancy Pelosi visited Taiwan. />Peace in Taiwan is important for the supply of equipment, the island authorities said»TSMC noted that company representatives discussed investment projects in the United States with the American delegation,» the agency said. Tsai Ing-wen, during a meeting with representatives of the delegation, expressed support for the law to help chip manufacturers, which US President Joe Biden signed last week. «The law will provide even more incentive for Taiwanese semiconductor manufacturers to seek investment opportunities in the US,» she said. Last week, Biden signed into law a $52.7 billion bailout for US semiconductor manufacturers to bolster their position in competition with China. The Biden administration in its 2021 supply chain review acknowledged the country's significant reliance on TSMC products, and according to research group Capital Economics, TSMC produces more than 90% of the world's most advanced microchips. Major U.S. tech corporations, including Apple, Intel, NVIDIA, Qualcomm, AMD, and Broadcom, buy microchips from TSMC, while the U.S. government depends on Taiwanese microchips for some of its most important and complex systems, including weapons. According to experts, Washington's current policy towards the island carries significant risks if the situation develops into an armed conflict and affects the production of semiconductors in Taiwan supplied to the US market.
China issued a warning after a visit by a US delegation to TaiwanThe situation around Taiwan escalated after a visit to Pelosi Island. China, which considers the island one of its provinces, condemned Pelosi's visit, seeing in this step US support for Taiwanese separatism, and held large-scale military exercises. Earlier, the New York Times reported that US House Speaker Nancy Pelosi's trip to Taiwan, although it was a visit to Taipei is the highest-ranking US official in 25 years, but congressional visits to the island in recent years have not been such a rare occurrence, since 2013 the island has been visited by at least 149 US lawmakers, 33 of them under the Joe Biden administration, 35 under Donald Trump, and 71 — during the second term as President Barack Obama. Official relations between the central government of the PRC and its island province were interrupted in 1949, after the Kuomintang forces led by Chiang Kai-shek, defeated in a civil war with the Communist Party of China, moved to Taiwan. Business and informal contacts between the island and mainland China resumed in the late 1980s. Since the early 1990s, the parties began to contact through non-governmental organizations — the Beijing Association for the Development of Relations across the Taiwan Strait and the Taipei Cross-Strait Exchange Foundation. in Taiwan is important for the supply of equipment, said the authorities of the island
