“We have developed our technology, our prosperity in a way that we will remain an indispensable and irreplaceable component of global prosperity,” she added. “We are committed to maintaining the status quo, we are committed to prevent any disruptions of peace and stability in the region.”
Mr. Buffett, chairman and CEO of Berkshire Hathaway, told company shareholders recently that geopolitical tensions overwere a factor in his company divesting 86% of its more than $4 billion investment in the Taiwanese chipmaker TSMC, an acknowledged world leader in one of the tech economy’s most critical fields.
TSMC “is a marvelous company,” Mr. Buffett said during Berkshire’s annual meeting. But “I would feel better about capital that we’ve got deployed in Japan than inSimilar concerns were voiced by Intel CEO Pat Gelsinger several months ago, amid concerns that critical components made by TSMC should have more diversified sources of supply. TSMC makes more than 60% of the world’s advanced microchips used in myriad high-tech applications.
In Taipei, Economic Affairs Minister Lin Chuan-neng told a legislative hearing on Monday: “The government will do its utmost to let the world know thattensions increased sharply over the past several years as Chinese President Xi Jinping vowed to take control of the island democracy, using military force, if necessary, in the coming years. The Biden administration has sought to play down growing fears of a conflict, with top officials insisting that a war is neither imminent nor inevitable.
But two commanders of U.S. Indo-Pacific forces — current leader Adm. John Aquilino and his predecessor, Adm. Philip Davidson — warned in congressional testimony that
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