Taipei Inc

14 January 2021 By Robyn Mak Follow @mak_robyn

TSMC, the $560 bln chipmaking powerhouse, showcases the island’s clout in supply chains, semiconductors, 5G and more. That bodes well for bilateral trade and investment flows. Closer economic ties should help ease fears of potential changes in Washington’s approach to Taipei.

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The U.S. State Department has cancelled all travel, including a planned visit to Taiwan by U.S. Ambassador to the United Nations Kelly Craft, a State Department spokeswoman said on Jan. 12.

Craft had been due to visit Taiwan Jan. 13 to Jan. 15, prompting China, which claims the self-ruled island as its own, to issue a warning to Washington.

Separately, Taiwan Semiconductor Manufacturing is due to report financial results on Jan. 14, with earnings expected to be T$136 billion ($4.8 billion) for the three months to December, according to estimates from analysts polled by Refinitiv.

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