May.15 — Taiwan Semiconductor Manufacturing Co. said it will begin construction on a $12 billion chip plant in Arizona in 2021 to allay U.S. national security concerns and shift more high-tech manufacturing to the United States. Bloomberg Opinion columnist Tim Culpan has the details on “Bloomberg Surveillance.” His opinions are his own.
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In This Story: Taiwan
The political status of Taiwan is complicated. The Republic of China (ROC) is no longer a member of the UN, having been replaced by the People’s Republic of China (PRC) in 1971. Taiwan is claimed by the PRC, which refuses diplomatic relations with countries that recognise the ROC. Taiwan maintains official diplomatic relations with 14 out of 193 UN member states and the Holy See.