Pompeo says TSMC's $12 billion investment to increase U.S. economic independence from China
Pompeo said the investment will strengthen U.S.-Taiwan ties
FILE PHOTO: US Secretary of State Mike Pompeo speaks at a business leaders reception at the Museu de Moeda in Luanda, Angola February 17, 2020. Andrew Caballero-Reynolds/Pool via REUTERS
Chipmaker Taiwan Semiconductor Manufacturing Co's $12 billion investment in the United States will increase US economic independence from China, Secretary of State Mike Pompeo said in a statement early on Friday.
TSMC, a major supplier to Apple Inc announced on Friday it will build a $12 billion chip factory in Arizona, in what the company called a "strong partnership" with the US government. Pompeo said the investment will strengthen US- Taiwan ties.
"TSMC's announcement comes at a critical juncture, when China is competing to dominate cutting-edge technology and control critical industries. The TSMC facility in Arizona will increase US economic independence", Pompeo said on Friday.
Keep updated, follow The Business Standard's Google news channel
![Photo collage shows Salman F Rahman's son Ahmed Shayan Rahman [on left] and Salma's nephew Ahmed Shahryar Rahman [on right]. Photos: Collected](https://tbsnews.net/sites/default/files/styles/medium_2/public/images/2025/05/24/salman_f_rahman_son_nephew_collage.jpg)
