Nancy Pelosi made a historic visit to Taiwan on Tuesday night. During her stay on the island she notably met the boss of TSMC.
On Tuesday evening, nearly a million people around the world followed Nancy Pelosi’s flight itinerary. She who took off from Kuala Lumpur was expected on the side of Taiwan. The President of the House of Representatives (one of the two assemblies of the United States) finally set foot on the island overnight.
A historical news, which further delights the tensions between mainland China and this island with unrecognized independence. If this visit was strong in symbol, it was not just a simple provocation for the Beijing regime either. Pelosi came to Taipei for several reasons, and one of them has to do with Apple.
The President of the House of Representatives indeed discussed for long minutes with members of the TSMC company , including the president of the latter Mark Liu. This discussion would have focused on the CHIPS law which is due to come into force in the coming weeks.
The CHIPS Act to revive semiconductors in the United States
The latter releases a huge envelope of more than 50 billion dollars to meet the shortage of semiconductors and relaunch production on American soil. While TSMC should make its arrival on the territory with a factory in Arizona , Pelosi wanted to talk to the leaders of the company before that.
If Intel were to be the company that won the largest part of the envelope, Apple should not be unhappy with its situation, Apple recovering several billions to finance the construction of a factory. This discussion of Pelosi with TSMC executives therefore seems to have borne fruit, but many people are questioning the need for the physical presence of the president of the chamber on the island.
Indeed, China experienced the arrival of Pelosi as a provocation. While relations between Beijing and Washington are still not very good, this new spade could well set fire to the powder. Minutes after Pelosi left the island, several Chinese fighter jets entered Taiwan airspace.