TSMC gets pulled into Taiwan election fray at VP debate

Taiwanese chipmaker TSMC was dragged into the election campaigning fray Monday as vice presidential candidates argued over the company’s overseas investments and whether tensions with China made Taiwan too dangerous a place to invest.
The Jan. 13 presidential and parliamentary election is happening as China, which claims Taiwan as its own territory, has stepped up military pressure to assert those claims, including staging war games near the island.
Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker and island’s most important company, is occasionally mentioned on the campaign trail, though issues that affect the sector such as the stability of the power grid and water shortages are much more frequently discussed.
Speaking at a live televised debate, Jaw Shaw-kong, the vice presidential candidate for Taiwan’s largest opposition party the Kuomintang (KMT), said that Wall Street financiers had met him before he knew he was entering the presidential race and asked if there was going to be war. “If Taiwan does not have a peaceful environment, nobody will dare invest,” Jaw said, blaming the ruling Democratic Progressive Party (DPP) for tensions with China.
TSMC, which is building factories in Japan and the U.S. state of Arizona plus planning another in Germany, did not immediately respond to a request for comment. The company and the government have repeatedly said the bulk of manufacturing, including of the most advanced chips, will be kept in Taiwan.