Politico reports on a tense meal during Pelosi’s trip to Taiwan last year — the only on-the-record source in the story is Pelosi herself!
(For more on the complex global politics of TSMC and the CHIPS Act, check out this episode of Decoder with author Chris Miller.)
With Taiwan’s president, Tsai Ing-wen, looking on, the billionaire entrepreneur pressed Pelosi with sobering questions about the CHIPS law — and whether the policy represented a genuine commitment to supporting advanced industry or an impulsive attempt by the United States to seize a piece of a lucrative global market.
Chang said he was pleased that his company could benefit from the subsidies; TSMC already had a major development project underway in Arizona. But did the United States really think it could buy itself a powerhouse chipmaking industry, just like that?
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