Pompeo says TSMC's $12 bln investment to increase U.S. economic independence from China
- Country:
- United States
Chipmaker Taiwan Semiconductor Manufacturing Co's $12 billion investment in the United States will increase U.S. 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 U.S. government. Pompeo said the investment will strengthen U.S.-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 U.S. economic independence", Pompeo said on Friday.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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