Taiwan Confident to Rule Semiconductors Market Amid US’s New Chips Act Taiwan’s “key position” in making semiconductors will not be shaken and production on the island is the most efficient way of doing things, the Economy Ministry said on Friday in response to the US Congress passing a major new chips act. The US House of Representatives passed the sweeping legislation on Thursday to subsidise the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers. Taiwan is a major chip producer, home to Taiwan Semiconductor Manufacturing Co Ltd ( TSMC ), the world’s largest contract chipmaker, which…