Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
IRGC statement: Repetition of evil will lead to the realization of the common aspiration of the Islamic nation and free peoples to eradicate the cancerous gland of Zion.
IRGC statement: Any repetition of evil will accelerate the collapse of the US military establishment in the region.
IRGC statement: US bases and mobile military targets in the region are not a strength of this national defense, but rather a weakness.
IRGC statement: Iran will not leave any attack on its territorial integrity, sovereignty, or national security unanswered under any circumstances.
IRGC statement: This base is the headquarters of the Air Force and the largest strategic asset of the terrorist American army in the West Asia region.
IRGC statement: We targeted Al Udeid base in Qatar with a powerful and devastating missile attack as part of Operation Annunciation of Victory.
Explosions heard across Doha: AFP journalists
Qatari Ministry of Foreign Affairs: Qatar temporarily closes its airspace "for the safety of citizens, residents, and visitors."
Al Mayadeen: Israeli warplanes raid the outskirts of Al-Aishiya and Al-Mahmoudiya, Southern Lebanon.
Israeli media: Direct damage from Iranian bombing of "Israel" in one week is estimated at approximately 5 billion shekels (about $1.35 billion)

Chinese reunification with Taiwan to devastate US, Commerce Sec. says

  • By Al Mayadeen English
  • Source: Agencies
  • 8 May 2024 23:45
  • 4 Shares
3 Min Read

US Commerce Secretary Gina Raimondo says if China were to reunify with Taiwan, the US would be devastated due to the ramifications that would hold for the chips market.

  • x
  • Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) headquarters in Hsinchu, Taiwan, Wednesday, Oct. 20, 2021 (AP Photo/Chiang Ying-ying)
    Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) headquarters in Hsinchu, Taiwan, Wednesday, October 20, 2021 (AP)

In a congressional testimony on Wednesday, US Commerce Secretary Gina Raimondo emphasized the potentially severe consequences for the United States if China were to decide to reunify with Taiwan.

Raimondo, showcasing that the US is only interested in Taiwan's "security" because of its importance in the microchip sector, highlighted the critical role of Taiwan in microchip supply and production, stressing the decades-long collaboration between Taipei and Washington in this domain.

Speaking before the US House Appropriations Subcommittee on Commerce, Justice, and Science, Raimondo underscored the significance of Taiwan's contribution to the microchip industry. She pointed out that the United States currently relies heavily on Taiwan Semiconductor Manufacturing Company (TSMC), procuring 92% of its leading-edge chips from the Taiwanese firm.

Raimondo refrained from speculating on the likelihood or manner of such action from China but emphasized the potential devastation it could cause to US interests. She noted that TSMC's strategic location and expertise in semiconductor manufacturing make Taiwan indispensable to the United States.

The Commerce Secretary highlighted TSMC's plans to expand its operations in the US, particularly its facility in Arizona, where the company aims to produce highly sophisticated 2-nanometer and 3-nanometer chips.

While TSMC's US facility holds promise for future supply, the current reliance on Taiwanese production remains paramount, she stressed.

Related News

Iran notified Qatar about intentions to strike US air base: Reports

Iran retaliates, targets US air base in Qatar with missiles

TSMC in US markets

The Taiwan Semiconductor Manufacturing Company (TSMC) announced in April a $6.6 billion plan to launch the construction of a third semiconductor plant in Arizona in collaboration with the US Department of Commerce.

According to the company, the $6.6 billion funding resulted from a Preliminary Memorandum of Terms (PMT) with the US Department of Commerce, intended to contribute to the CHIPS and Science Act.

It further stated that the decision to build a third semiconductor plant is driven by strong customer demand and aims to meet the growing need for advanced semiconductor products in the US.

"TSMC today announced that the U.S. Department of Commerce and TSMC Arizona have signed a non-binding preliminary memorandum of terms (PMT) for up to $6.6 billion in direct funding under the CHIPS and Science Act. TSMC also announced plans to build a third fab at TSMC Arizona to meet strong customer demand leveraging the most advanced semiconductor process technology in the United States," the statement read.

The statement also indicated that, in addition to the $6.6 billion in direct financing, the memorandum also provides access to up to $5 billion in loans for TSMC.

It is worth noting that China considers Taiwan an integral part of its territory and has long condemned any US engagement with Taipei as interference in its internal affairs. President Xi Jinping has expressed China's aim for peaceful reunification with Taiwan, but the possibility of using force remains.

US President Joe Biden underlined that Washington was committed to defending Taiwan in the event of an unprecedented attack while emphasizing that the US does not advocate for the island's independence.

  • United States
  • Taiwan
  • China
  • China-Taiwan
  • semiconductors

Most Read

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

  • MENA
  • 17 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025
Iran launches missile barrage to Tel Aviv, casualties reported

True Promise 3, wave 14: Tel Aviv targeted, casualties reported

  • Politics
  • 19 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Spain's Foreign Minister Jose Manuel Albares Bueno speaks with the media as he arrives for a meeting of EU foreign ministers at the European Council building in Brussels, Monday, June 23, 2025. (AP Photo/Virginia Mayo)
Politics

Spain seeks immediate suspension of EU association pact with 'Israel'

Israeli settlers evacuate a building damaged in an Iranian missile strike in Tel Aviv, Sunday, June 22, 2025. (AP)
Politics

Tel Aviv streets ghostly; settlers flee under Iranian missile fire

Trump’s secret Iran strike uncovered in explosive CNN report
Politics

Behind the scenes: Trump's decision to strike Iran mapped - CNN

The oil tanker Palanca Rio arrives in Portland, Maine, the United States, Wednesday, April 2, 2025 (AP)
Economy

Oil prices spike as US-Israeli aggression on Iran sparks concerns

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS