Econ Minister Dismisses Taiwan Hollowing-Out Fears As Unfounded

TaiwanPlus News

Taiwan’s economy minister says TSMC’s domestic investment is growing, so fears of the industry being hollowed out are unfounded. He added that US plans to bring home 40% of chip production are unrealistic, noting that TSMC’s two latest Arizona expansions won’t be complete until 2027 and 2028 each.

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00:00Taiwan's economy minister is downplaying concerns that expanding chip making abroad will hollow out the domestic industry.

00:30Gong was responding to renewed concerns after TSMC announced plans on Thursday to produce three nanometer chips in Japan.

00:41He said the company will definitely invest in Taiwan.

00:45Responding to recent comments by U.S. Commerce Secretary Howard Lutnick, Gong also said a goal to bring 40% of advanced chip making to the U.S. would not be feasible.

01:00Taiwan has promised to increase semiconductor investment in the U.S. as part of a tariff deal with Washington.

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