Morris Chang Warns Pelosi about Biden's CHIPS Act: POLITICO exclusive/张忠谋给佩罗西泼冷水：芯片法案？没那么简单！

Nancy Pelosi's recent visit to Taiwan included a meeting with Morris Chang, the founder of Taiwan Semiconductor Manufacturing Co. (TSMC), who criticized the U.S. government's $52 billion package of subsidies for semiconductor manufacturing under the CHIPS and Science Act. He questioned the feasibility of building a complex electronics-manufacturing industry in the United States, citing the complexity and rapid evolution of the industry. Chang suggested that investing in Taiwan's security would be a better strategy, and that the US should keep investing to keep facilities up to date. TSMC already has a major development project underway in Arizona. Biden administration officials have not dismissed Chang's concerns, but they believe that the implementation of the CHIPS law will reveal how the law would be used to unlock private-sector investment to build dynamic, fully staffed tech hubs in the United States.