Taipei, Aug. 11 -- Taipei heaved a temporary sigh of relief even as US President Donald Trump said that he would slap a shocking 100 per cent tariff on imports of semiconductors, the crucial components that form the backbone of Taiwan's economy.
That is because companies that commit to making chips in the US would be exempted, according to Mr Trump, which would mean that Taiwan Semiconductor Manufacturing Company (TSMC), the crown jewel of the island's tech industry, would likely be spared.
The firm, which is the world's largest contract manufacturer of chips, has so far pledged US$165 billion (S$212 billion) in investment to build six state-of-the-art fabs, or semiconductor plants, in the US state of Arizona.
But while things don't lo...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.