Taipei, Taiwan: Taiwanese President Ms. Tsai Ing-wen has denounced “rumors” regarding the risks of investing in the island’s important semiconductor sector. The President stated that the government is making every effort to guarantee such investments continued.

Taiwan, being home to the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Company (TSMC), plays a key role in supplying the chips used in everything from automobiles and smartphones to fighter jets.

However, the chip industry is reconsidering the dangers of investing in Taiwan as a result of Beijing’s claims of sovereignty being asserted on the island by the Chinese military.

According to comments published by the presidential office, Ms. Tsai states that, “at this moment when the world is paying attention to and is concerned about Taiwan, I am very grateful to ASML for investing in Taiwan with concrete actions.”

The Head of the country also informed that investing in Taiwan was “definitely a very correct direction” and the government will continue to provide support.

“I believe that this also discredits rumors of excessive speculation about Taiwan’s risk,” Ms. Tsai Ing-wen added.

The nation’s head is also looking forward to Taiwan’s continued deepening of cooperation with democratic allies to build a safer and more resilient global supply chain.

According to a statement from the presidential office, Mr. Schneider-Maunoury, Chief Operating Officer at ASML, assured Ms. Tsai that the business will continue to boost its investments on the island, where it now has five plants and employs more than 4,500 people.

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