US House of Representatives Speaker Nancy Pelosi’s visit to Taiwan has set a new milestone for Taiwan-US relations, and introduced new economic possibilities and challenges.
Before Pelosi’s arrival, Taiwan Semiconductor Manufacturing Co (TSMC) chairman Mark Liu (劉德音) — who had not spoken about politics until that point — talked to CNN’s Fareed Zakaria in an interview. Asked about a Chinese invasion and Taiwan’s role in the global semiconductor supply chain, Liu said: “Chip supply is a critical business in Taiwan, but had there been a war in Taiwan, probably the chip is not the most important thing we should worry about, because this invasion is destruction of the world rules-based order — the geopolitical landscape would completely change.”
