TSMC Investment and U.S. Cooperation

The Hoover Institution's Project on Taiwan in the Indo-Pacific Region held a public session on Resilient Realists: How Taiwan Navigates Its Future in a Turbulent World on March 2, 2026 from 1:00-2:30 PM PT.

Since the emergence of the COVID-19 pandemic, geopolitical competition between the United States and the People’s Republic of China (PRC) has rapidly intensified, and the global order has faced growing strains. Through it all, Taiwan has remained remarkably resilient. In the face of relentless diplomatic, economic, and military pressure from Beijing, Taiwan’s leaders have leveraged the island’s critical role in global technology supply chains, its reputation as a robust liberal democracy, and its strategic position in the Indo-Pacific to deepen engagement with key world powers. As many Americans question core assumptions of the post-Cold War global order, the PRC’s military power continues to grow, and the world stands on the cusp of a technological revolution in artificial intelligence, can Taiwan continue to navigate so deftly through turbulent geopolitical waters?

To address these topics, the Project on Taiwan in the Indo-Pacific Region at the Hoover Institution held a fireside chat featuring Dr. Hung-mao Tien, President of the Institute for National Policy Research (INPR) in Taipei and a former Minister of Foreign Affairs of the Republic of China (Taiwan). Dr. Tien joined in conversation by Adm. (Ret.) James O. Ellis, the Annenberg Distinguished Visiting Fellow, and Dr. Larry Diamond, the William L. Clayton Senior Fellow at the Hoover Institution.  

ABOUT THE SPEAKERS

Dr. Hung-mao Tien is the President and Chairman of the Institute for National Policy Research in Taipei, and board member of several foundations and business corporations in Taiwan. He also serves as a Senior Advisor to the President of the Republic of China (Taiwan). From 2000-2002, he was the Minister of Foreign Affairs. He also served as the chairman of the Straits Exchange Foundation, the semi-official body in Taiwan responsible for direct exchanges and dialogue with the People's Republic of China, Representative (ambassador) to the United Kingdom, and presidential advisor to former President Lee Teng-hui. He has also served in an advisory capacity to Harvard University’s Asia Center, The Asia Society in New York, and the Brookings Institution in Washington, D.C.  Dr. Tien has taught in universities in both the US and Taiwan as professor of political science.  His numerous publications in English (author, editor and co-editor) include: Government and Politics in Kuomintang China 1927-37 (Stanford University Press); The Great Transition: Social and Political Change in the Republic of China (Stanford: Hoover Institution Press); and Democratization in Taiwan, Implications for China (St. Anthony’s Series, Oxford University), Consolidating the Third Wave Democracies, Themes and Perspectives (Baltimore and London: The Johns Hopkins University Press), China Under Jiang Zemin (Rienner), and The Security Environment in the Asia-Pacific (M.E. Sharpe). He received his Ph.D. in Political Science from the University of Wisconsin-Madison.

Larry Diamond is the William L. Clayton Senior Fellow at the Hoover Institution, the Mosbacher Senior Fellow in Global Democracy at the Freeman Spogli Institute for International Studies (FSI), and a Bass University Fellow in Undergraduate Education at Stanford University. He is also professor by courtesy of political science and sociology at Stanford, where he lectures and teaches courses on democracy (including an online course on EdX). At Hoover, he co-leads the Project on Taiwan in the Indo-Pacific Region and participates in the Program on the US, China, and the World. At FSI, he is among the core faculty of the Center on Democracy, Development, and the Rule of Law, which he directed for six and a half years. He leads FSI’s Israel Studies Program and is a member of the Program on Arab Reform and Development. He also co-leads the Global Digital Policy Incubator, based at FSI’s Cyber Policy Center. He served for thirty-two years as founding coeditor of the Journal of Democracy. Diamond’s research focuses on global trends affecting freedom and democracy and on US and international policies to defend and advance democracy. His book Ill Winds: Saving Democracy from Russian Rage, Chinese Ambition, and American Complacency (2019; paperback ed. 2020) analyzes the challenges confronting liberal democracy in the United States and around the world and offers an agenda for strengthening and defending democracy at home and abroad. His other books include In Search of Democracy (2016), The Spirit of Democracy (2008), Developing Democracy: Toward Consolidation (1999), Promoting Democracy in the 1990s (1995), and Class, Ethnicity, and Democracy in Nigeria (1989). He has edited or coedited more than fifty books, including China’s Influence and American Interests (2019, with Orville Schell), Silicon Triangle: The United States, Taiwan, China, and Global Semiconductor Security (2023, with James O. Ellis Jr. and Orville Schell), and The Troubling State of India’s Democracy (2024, with Šumit Ganguly and Dinsha Mistree).

Admiral James O. Ellis Jr. is Annenberg Distinguished Visiting Fellow at the Hoover Institution, where he oversees both the Global Policy and Strategy Initiative and the George P. Shultz Energy Policy Working Group. He retired from a 39-year career with the US Navy in 2004. He has also served in the private and nonprofit sectors in areas of energy and nuclear security. A 1969 graduate of the US Naval Academy, Ellis was designated a naval aviator in 1971. His service as a navy fighter pilot included tours with two carrier-based fighter squadrons and assignment as commanding officer of an F/A-18 strike fighter squadron. In 1991, he assumed command of the USS Abraham Lincoln, a nuclear-powered aircraft carrier. After selection to rear admiral, in 1996, he served as a carrier battle group commander, leading contingency response operations in the Taiwan Strait. His shore assignments included numerous senior military staff tours. Senior command positions included commander in chief, US Naval Forces, Europe, and commander in chief, Allied Forces, Southern Europe, during a time of historic NATO expansion. He led US and NATO forces in combat and humanitarian operations during the 1999 Kosovo crisis. Ellis’s final assignment in the navy was as commander of the US Strategic Command during a time of challenge and change. In this role, he was responsible for the global command and control of US strategic and space forces, reporting directly to the secretary of defense.