This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
According to Taiwan's Minister of the Science and Technology Council Wu Cheng-wen statements, the Taiwan Semiconductor Manufacturing Company (TSMC) can shift its next-generation 2-nanometer chip manufacturing process technology to other countries after 2025.
TSMC's 2-nanometer process technology will compete with Intel's 18A process, which is also due for production in 2025, and according to the minister, the Taiwanese government will be open to shifting the new technology to friendly nations once TSMC has started working on 2-nanometer successors.
Wu addressed a press conference in Taiwan earlier today, and his media talk centered on questions related to advanced semiconductor research remaining inside Taiwan and Chinese concerns about transferring advanced chip manufacturing technology to the United States. Related Story TSMC To Significantly Upscale “CoWoS” Production Within The Upcoming Quarters, Reaching Up To 130,000 Monthly Output By 2026US Is Still World Leader In Semiconductor Industry Stresses Taiwanese Science Minister In his press conference, Minister Wu was asked by the media if the incoming US administration might accelerate the transfer of advanced chip manufacturing technologies to America.
As part of the CHIPS and Science Act, the Biden Administration has wooed TSMC and other semiconductor companies to set up advanced chip manufacturing facilities in America.