Over the past number of weeks Taiwan has returned to centre stage of geopolitics and it raises risks for companies based in the nation, including stock market darling Taiwan Semiconductor Manufacturing Company.
Investment managers and analysts acknowledge the company is "beholden to geopolitical risk" but argue its strong market position and important place in the global economy should enable it to weather the storm. Following US House Speaker Nancy Pelosi's visit to Taiwan at the end of July, the Beijing's People's Liberation Army launched live-fire military exercises in seven areas surrounding Taiwan's main island. Since then, there has been ongoing posturing from both China and the US. Franklin Templeton: High barriers to entry compound 20% semiconductor price hike This has under...
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