TSMC needs government permission for overseas joint ventures, Taiwan minister says
Taiwan Economy Minister Kuo Jyh-huei said on Thursday that chipmaker TSMC would need government permission for any overseas joint ventures, but there are no restrictions on making the most advanced chips overseas other than for China.
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US media have said Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker and a major supplier to companies such as Apple and Nvidia, has been in talks for a stake in Intel.
Neither company has confirmed the talks, but US President Donald Trump has criticised Taiwan for taking away American semiconductor business and says he wants the industry back in his country.
Speaking to reporters in Taipei, Kuo said that «no one can shake the foundations» of Taiwan's semiconductor industry.
«We have to have confidence in TSMC, and the government will fully support the 'sacred mountain protecting the country,» he added, using an expression that refers both to the importance of the chip sector and TSMC to Taiwan's economy.
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