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Fortune
Fortune
Lionel Lim

Beijing accuses Taiwan of giving away chip companies like TSMC as ‘souvenirs’

(Credit: David Paul Morris—Bloomberg/Getty Images)

TSMC, the world’s leading contract chipmaker, has inadvertently become a geopolitical flash point again in relations between China, the U.S., and the island of Taiwan. 

At a regular news conference in Beijing on Wednesday, Zhu Fenglian, spokesperson for China’s Taiwan Affairs Office, accused the island’s current government, the Democratic Progressive Party, of leveraging its world-leading chip industry “to seek independence,” and even giving its companies away as “souvenirs,” according to Reuters and Chinese media reports.

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