House SpeakerPelosi met with semiconductor leaders during Taiwan visit to tout chips bill
Pelosi met with Taiwan Semiconductor Manufacturing Co. Chairman Mark Liu during the visit, according to senior lawmakers in Taiwan. The pair discussed the CHIPS Act, which the House passed last week and sent to President Joe Biden to sign into law. The bill would provide hundreds of billions of dollars to fund U.S. innovation. The legislation includes a $52 billion subsidy for chipmakers like Intel in hopes of weaning off a total reliance on Taiwan for semiconductors.
Pelosi met with several other industry officials during her time in Taiwan, including a visit with TSMC founder Morris Chang during a lunch with Taiwanese President Tsai Ing-Wen.
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