Congressman Michael McCaul, who also sits on the Foreign Affairs Committee, has been accumulating ASML Holdings NV (ASML:US) stock for over a year now. Since June 2022, Michael McCaul has accumulated between $325,000 to $750,000 worth of ASML stock.

While others have been wary of investing in companies associated with Taiwan and China, the Congressman seems to have no problem putting his money where his mouth is. He has been very vocal in support of Taiwan and that is reflected in his investments as well.

ASML is a key player in the semiconductor industry, an industry that is a source of tension between China and the U.S. ASML generates a significant portion of its revenue from Taiwan, amounting to $8 billion out of a total revenue of $22.3 billion last year. It also generated about $3 billion in revenues from China in 2022. In comparison, ASML revenues from the U.S stand under $2 billion.

McCaul's investment in ASML's stock indicates his confidence in the company's ability to withstand the chip war between U.S and China. China recently banned Micron (MU:US) from supplying some of its industries with its chips citing national security reasons. It also banned Nvidia (NVDA:US) from selling certain chips in China. In an environment like that, McCaul’s investment stands out.

In April this year, the Congressman was also banned from entering China because of his visit to Taiwan. His investment may further strain the relations with China but it does serve as a reminder that McCaul is fully committed to supporting Taiwan.

ASML stock was trading at $693 today. All of McCaul’s trades in the stock have come well below that price, which means his investment is already giving him healthy returns.