Taiwan economy ministry has received no information about any TSMC investment in Intel, US

Reuters
02-25
Taiwan economy ministry has received no information about any TSMC investment in Intel, US

TAIPEI, Feb 25 (Reuters) - Taiwan Economy Minister Kuo Jyh-huei said on Tuesday his ministry had not received any information about an overseas investment application by Taiwanese chipmaker TSMC 2330.TW, when asked about possible investment in Intel INTC.O and the United States.

Speaking to reporters in Taipei, Kuo said he would not comment on market rumours.

U.S. President Donald Trump has repeatedly criticised Taiwan, saying it has taken away American semiconductor business and that he wants manufacturing to return to the United States.

(Reporting by Wen-Yee Lee and Ben Blanchard; Editing by Tom Hogue)

((ben.blanchard@thomsonreuters.com;))

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