![]() ![]() Chinese government spokeswoman Hua Chunying added that consequences would result: ![]() Pelosi’s visit to Taiwan angered China, as the country claims Taiwan as its own territory. TSM is currently in the process of building a plant in Arizona that is expected to go online in 2024. It will also provide a four-year, 25% tax credit as an incentive, as well as the authorization of grants and loans. The act encourages chipmakers, like TSM, to build foundries in the U.S. In Taiwan, the two discussed the $280 billion CHIPS and Science Act, which includes $52 billion in funding for the semiconductor industry. Taiwan Semiconductor (NYSE: TSM) stock is in full focus following Speaker Nancy Pelosi’s visit with Chairman Mark Liu and other industry leaders. ![]()
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