FILE PHOTO: U.S. Secretary of Commerce Gina M. Raimondo speaks at the "Senior Chinese Leader Event" held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco, California, U.S., November 15, 2023. REUTERS/Carlos Barria/Pool/File PhotoWASHINGTON : U.S.
Asked at a U.S. House hearing about the impact, Raimondo said"it would be absolutely devastating," declining to comment on how or if it will happen, adding:"Right now, the United States buys 92 per cent of its leading edge chips from TSMC in Taiwan." She noted that TSMC has announced it will build more advanced chips in Arizona.
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