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Stock impact report

Taiwan central bank chief doubts Trump administration will penalise Taiwan [Yahoo! Finance]

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) 
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
President-elect Donald Trump's new administration would penalise Taiwan given the island's central role in the semiconductor industry. Trump unnerved Taiwan on the campaign trail by accusing it of stealing American chip business. Trump also proposed a 10% tariff on all U.S. imports and a 60% levy on Chinese-made products. Taking lawmaker questions, Taiwan central bank governor Yang Chin-long said that the semiconductors and other tech products manufactured on the island are materials of such strategic importance that their supply chain should not be disrupted. "Chips and information and telecommunications products are what the U.S. needs most," Yang said. "I don't think the United States would penalise Taiwan." Taiwan-U.S. cooperation on chips is beneficial for both, he added. "They design them and we make them," Yang said. In his first term as president, Trump imposed import tariffs on China but spared Taiwan. Taiwan, home to tech giants such as chip manufacturer TSMC, is a Show less Read more
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