With Speaker of the House Nancy Pelosi in Taiwan today, comments from China raise concerns over the possibility of instability in the chip sector.
Liu says that what he means is that the complexity of the processes used by TSMC to build chips requires cooperation from its customers and suppliers. If a battle should erupt, this communication could be blocked leaving TSMC without the ability to produce chips. China does account for 10% of TSMC's revenue leading Liu to state"if they need us, it's not a bad thing."
The executive notes that in the event TSMC has to stop production, many nations, including China, would find that"suddenly their most advanced components" would be unavailable. TSMC is the 10th most valuable company in the world based on market cap . TSMC's shares trading in New York dropped as low as $84.17 before rebounding to close the regular trading session at $86.05.Pelosi's visit to Taiwan today made her the highest-ranking U.S. official to visit Taiwan since 1997.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
House Speaker Nancy Pelosi lands in Taiwan amid threats of Chinese retaliationHouse Speaker Nancy Pelosi landed in Taipei, marking a significant show of support for Taiwan despite China's threats of retaliation over the visit.
Weiterlesen »
House Speaker Nancy Pelosi lands in Taiwan amid threats of Chinese retaliationNew York's source for breaking news and live streaming video online. Covering New York City, New Jersey, Long Island and all of the greater New York Area.
Weiterlesen »
US House Speaker Pelosi arrives in Taiwan, defying BeijingPelosi is on an Asian tour this week that is being closely watched to see if she will defy China’s warnings against visiting the island republic, a close U.S. ally.
Weiterlesen »
US House Speaker Nancy Pelosi lands in Taiwan amid threats of Chinese retaliationNancy Pelosi arrives in Taiwan, a visit China warns will have an 'egregious political impact.' She's the first House speaker to visit in 25 years.
Weiterlesen »
House Speaker Nancy Pelosi lands in Taiwan amid threats of Chinese retaliation'Our visit is one of several Congressional delegations to Taiwan - and it in no way contradicts longstanding United States policy,' said SpeakerPelosi in a statement after her arrival in Taiwan on Tuesday.
Weiterlesen »
US House Speaker Pelosi Arrives in Taiwan, Defying BeijingChina claims Taiwan as part of its territory, to be annexed by force if necessary, and views visits by foreign government officials as recognition of the island’s sovereignty. — The Associated Press
Weiterlesen »