Pelosi meets with Taiwan chip leaders, including Taiwan Semiconductor Chairman: report
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House Speaker Nancy Pelosi met with several leaders from Taiwan's semiconductor industry, including Taiwan Semiconductor (NYSE:TSM) Chairman Mark Liu, as part of her trip that raised geopolitical tensions between China and the U.S., according to Nikkei.
The news outlet reported that Pelosi's discussion with Liu included talks on the Chips and Science Act, a $280B piece of legislation that includes $52B in support for the semiconductor industry. 
The legislation, set to be signed into law by President Biden, encourages manufacturers such as Taiwan Semiconductor (TSM), which makes chips for companies like Advanced Micro Devices (AMD), Apple (AAPL), Nvidia (NVDA) and others, to build foundries in the U.S. 
It will also provide a new, four-year 25% tax credit to encourage companies to build semiconductor plants in the U.S. and authorizes grants and loans as well.
Taiwan Semiconductor (TSM) is currently building a plant in Arizona that is expected to begin production in 2024.
Pelosi's visit to Taiwan, as part of a broader tour of Asia, raised the ire of Chinese government officials, with the country's military increasing its presence in the area and conducting several drills in a show of force.
Shortly after Pelosi landed in Taiwan on Tuesday, the Speaker made comments aimed at reassuring China that the visit did nothing to contradict the United States' longstanding "One China" policy.
The Speaker added that the visit was in concert with honoring Taiwan's commitment to democracy and talks would reaffirm the U.S.'s support.
In addition to meeting with Liu, Pelosi met with Taiwan Semiconductor (TSM) founder Morris Chang at a lunch hosted by Taiwan's President, Tsai Ing-Wen. Also at the lunch was Pegatron's Vice Chairman Jason Cheng, which assembles Apple's (AAPL) iPhones.
Pelosi left Taiwan on Wednesday and is now headed to South Korea and finish her trip in Japan.
U.S. lawmakers have expressed concern that China could seize control of Taiwan Semiconductor (TSM) if it were to invade Taiwan, Nikkei added.
However, Liu said on CNN earlier this week that "nobody can control [Taiwan Semiconductor] by force," adding that it would be "nonoperable" if it were taken by military force or invasion due to its "sophisticated manufacturing facilities."
Last month, Taiwan Semiconductor (TSM) posted strong second-quarter results and said it was "highly confident" about its future.