US intelligence director Avril Haines gave that estimate of global economic impact to the Senate Armed Services panel, noting that Taiwan's TSMC is the world's biggest maker of advanced chips

But TSMC is said to be concerned about rules that could require it to share profits from the factories and provide detailed information about operations to access those subsidies

The investment mogul described the Taiwanese chipmaker as a well-managed company, but said his investment group had better places to deploy capital

Analysts say China's latest military drills, held from Saturday to Monday, show Beijing is serious about being able to cut off the democratically ruled island in a conflict

China faces a shortage of an estimated 200,000 industry workers this year, a problem that has become even more critical in face of intensified US chip rivalry

"There's no question in my mind that, in the chip sector, globalisation is dead," TSMC’s retired founder Morris Chang said

A former US security adviser said China would be able to "control the world economy" if it took over Taiwan’s chip factories

Semiconductor powerhouses Taiwan, the United States, Japan and South Korea held a video meet to discuss supply chain resilience

The decision by the world’s largest contract chipmaker could help Japan revive its advanced semiconductor manufacturing

Some TSMC staff said they were reluctant to move to the US due to “potential culture clashes” and concerns around “difficult to manage” American workers

Berkshire's investors are still trying to figure out why Buffett decided to sell most of its stake in the chipmaker

It is rare but not unprecedented for Berkshire to quickly undo a multi-billion dollar investment in a company's stock