Premier Chen Chien-jen (陳建仁) says business investments in Taiwan are the best way to bring stability to the region. His remarks came in response to American investor Warren Buffett’s announcement that his firm Berkshire Hathaway had sold off the majority of its holdings of Taiwan Semiconductor Manufacturing Company (TSMC) in February.
Buffett says geopolitical tensions between the U.S. and China were a consideration in the company’s decision. Buffett praised TSMC’s “marvelous” people and competitive position, but said he would feel better about deploying capital in the United States or Japan.
In an interview with the Washington Times on Tuesday, Taiwan’s representative to the U.S. Hsiao Bi-khim (蕭美琴) also addressed the issue saying, “Taiwan will continue to be one of the safest and most reliable places for business in the world.” She adds Taiwan “will remain an indispensable and irreplaceable component of global prosperity.”
Premier Chen thanked Hsiao for her contributions to U.S.-Taiwan relations, and added that if investments in Taiwan can stabilize, then the global economy will also develop more successfully.