Questions from Australian Senators
posted by Anon @ 00:16
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Thursday 23 February 2023
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https://www.taiwannews.com.tw/en/news/4816501
Worried or very worried?
Former Vice President Al Gore's investment firm Generation Investment Management sold its shares in Taiwan Semiconductor Manufacturing Co. (TSMC) following a quarterly investor letter that cited worries about the stability of the semiconductor supply chain and a potential Chinese invasion of Taiwan.
Generation’s co-chief investment officers Miguel Nogales and Mark Ferguson in a quarterly letter to investors sent in January, expressed concerns about the stability of the semiconductor supply chain: "Semiconductors are the canary in the coal mine. America depends heavily on East Asia, especially Taiwan, for supplies. To say that disruption to the global supply chain for semiconductors would have ‘profound consequences’ is an understatement. Markets and countries would be roiled."
They also indicated fears of an impending Chinese invasion of Taiwan: "Depending on who you ask, you should either be worried or very worried about the future of Taiwan. Xi Jinping is clear about his long-term goals" for the country.
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