US Approves $11 Billion Arms Sale To Taiwan Amid China Tensions - Taiwan Semiconductor (NYSE:TSM)

Group 1 - The U.S. State Department approved an $11.15 billion arms sale to Taiwan, marking the largest arms sale of its kind amid increasing threats from China [1] - The arms package includes 82 HIMARS rocket artillery systems valued at $4.05 billion, 420 ATACMS missiles, unmanned surveillance systems, and military software [2] - Additional components of the sale consist of 60 M109A7 self-propelled howitzer systems valued at over $4 billion, along with Javelin and TOW anti-tank missiles worth more than $700 million [3] Group 2 - The arms sale is part of Taiwan's $40 billion supplemental defense budget announced by President Lai Ching-te [2] - The U.S. is not legally obligated to defend Taiwan but is committed to providing defense equipment under the 1979 Taiwan Relations Act [3] - The sale occurs amidst escalating tensions between the U.S., China, and Taiwan, with recent legislative actions from the U.S. government supporting Taiwan's defense [4]