The chief executive of the world’s largest chipmaker has succeeded in getting President Donald Trump off his back this year but has yet to win over investors to his strategy for riding out the current trade storm.
CC Wei of Taiwan Semiconductor Manufacturing Company announced on March 3 a further $100bn investment in the US, silencing for now Trump’s accusations that Taiwan is “stealing” the US’s semiconductor business.
Instead, the US president now says TSMC’s additional investment will bring “a big percentage” of chip manufacturing on to US territory.
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