Nancy Pelosi, the US speaker of the House, landed in Taiwan on Tuesday night despite repeated warnings from China. She will meet leading chipmaker TSMC’s chairman Mark Liu on Wednesday, The Washington Post reported. The two will discuss the implementation of the recently passed Chips and Science Act, which provides $52 billion in subsidies for US chipmakers and more than $100 billion in related technology investment, the report said. TSMC is one of the world’s most advanced semiconductor foundries, taking over 50% of the global chip in the fourth quarter of 2021, according to TrendForce, a market intelligence provider. [The Washington Post]