BizBeat Ep. 453: Pelosi coerced TSMC not to have dealings with chip industry of the Chinese mainland
Updated 16:10, 07-Aug-2022

During her visit to China's Taiwan region, the U.S. House of Representatives Speaker Nancy Pelosi spoke to the chairman of TSMC, the world's largest chip manufacturer, about the U.S. CHIPS act. The new legislation forbids TSMC from upgrading its existing facilities on the Chinese mainland, denying the company's opportunities in the world's largest semiconductor market. Such actions by the U.S. violate basic market rules, distort the global semiconductor supply chain, and damage the global economy. In this episode of BizBeat, CGTN's Lily Lyu explains why the U.S. is hurting the stability of the semiconductor industry.

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