Warren Buffet had a decision to make about Taiwan’s TSMC

Taiwan’s “one China” policy cannot be set by China, as revealed by Taiwanese President Tsai Ing-wen

President Joe Biden has made it clear that the US will defend Taiwan if it ever comes under attack, though administration officials have insisted that the US is still committed to its “one China” policy.

Beijing launched the drills on Saturday, a day after Taiwan’s President Tsai Ing-wen returned from a 10-day visit to Central America and the United States where she met US House Speaker Kevin McCarthy and other US lawmakers.

The costs of a visit to Taiwan can’t be set by China, Wu told CNN. China can’t tell how our friends will show their support for Taiwan.

The Nationalists fled to Taiwan in the middle of a civil war in China in order to form their own government. Taiwan transitioned from authoritarian rule to a democracy in the 1990s and is now ranked one of the freest jurisdictions in Asia by Freedom House, a US-based non-profit organization.

However, China’s ruling Communist Party claims the self-governing island as its territory, and in recent years, as his power has grown, Chinese leader Xi Jinping has made clear his ambitions to “reunify” with the island – by force if necessary.

The French leader told reporters that it would be bad for Europe to be involved in the Taiwan issue and that they should adapt to the American rhythm. His comments were misinterpreted according to French officials. Wu told CNN that Taipei has asked France for clarification.

The US, through the Taiwan Relations Act, is legally obligated to provide Taiwan with defensive weaponry, but officials typically remain deliberately vague on whether the US would defend Taiwan in the event of an attempted Chinese attack.

A billionaire sells his shares in TSMC, a Taiwanese semiconductor company considered a “silicon shield”

Warren said political tensions were a factor in his decision to sell most of his shares in TSMC.

The 92-year-old named “Oracle of Omaha” told the Japanese news agency that he didn’t know anything about the investment call. He said that TSMC was well managed, but that the company had better places to deploy its capital.

In February, Berkshire Hathaway

            (BRKA) revealed that it had sold 86% of its shares in TSMC, which were purchased for $4.1 billion just months before.

The billionaire is known for making long term bets and therefore the quick sale was unusual. The size of the purchase suggested that the initial purchase was made by the billionaire himself rather than a portfolio manager.

TSMC is considered a national treasure in Taiwan and sells chips to many tech giants. It mass produces the most advanced semiconductors in the world, components that are vital to the smooth running of everything from smartphones to washing machines.

The company is perceived as being so valuable to the global economy, as well as to China — which claims Taiwan as its own territory despite having never controlled it — that it is sometimes even referred to as forming part of a “silicon shield” against a potential military invasion by Beijing.