TAIPEI (TVBS News) — Minister of Economic Affairs Wang Mei-hua announced on Tuesday (Oct. 31) that the Taiwan government's stake in Taiwan Semiconductor Manufacturing Co. (TSMC) has increased in recent years, signaling full support for Taiwanese companies.
The statement came in response to widespread rumors that the government planned to sell its shares in TSMC. Wang firmly dispelled these rumors, noting that the government has actually increased its stake due to stock dividends.
Most of TSMC's shares are held by the National Development Fund. The National Development Council has also issued a clarification, saying the government has actively supported TSMC's growth in Taiwan over the years.
Wang emphasized that TSMC's success is crucial to the prosperity of Taiwan's overall industry. She reaffirmed the government's commitment to aiding in TSMC's growth and expressed hope for the continued success of TSMC and Taiwan's industries.
