SAN FRANCISCO (AP) — The 92-year-old businessman who represented Taiwan at this week's summit of Asia-Pacific leaders in San Francisco expressed hope Friday that the meeting between U.S. President Joe Biden and China's Xi Jinping should help to reduce tensions between the two superpowers and in the region.

Morris Chang, the founder of the microchip giant Taiwan Semiconductor Manufacturing Company, also suggested the meeting could help to promote economic stability and reliable supply chains.

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