U.S., Taiwan discuss chips, to cooperate under new framework

8th December, 2021.      //   General Interest, Market Intelligence, Technology  // 

U.S. Secretary of Commerce Gina Raimondo speaks during a press briefing held by White House Deputy Press Secretary Karine Jean-Pierre at the White House in Washington, U.S., November 9, 2021. REUTERS/Leah Millis/File Photo

U.S. Commerce Secretary Gina Raimondo discussed chip supply chains during a call with her opposite number in Taiwan and the two will cooperate on technology trade and investment through a newly established mechanism, her office said.

The United States has repeatedly pressed Taiwan, as a major chip producer, to do more to help resolve a global shortage of semiconductors, which has shuttered some auto production lines and impacted consumer goods.

Raimondo, in a Monday call with Taiwan Economy Minister Wang Mei-hua, “underscored the United States’ support for Taiwan and the importance of the U.S.-Taiwan commercial and investment relationship”, the U.S. Commerce Department said. “She also expressed the United States’ continued interest in working together with Taiwan on issues of common commercial concern, particularly in the area of semiconductor supply chains and related eco-systems.”

The United States and Taiwan will cooperate through a new Technology Trade and Investment Collaboration, or TTIC, framework, to develop commercial programmes and explore ways to strengthen critical supply chains, it added. Raimondo and Wang also committed to “identifying other steps to support semiconductors and other critical supply chains”.

Taiwan’s Economy Ministry cited Wang as saying that Taiwan and the United States werelong-term and reliable supply-chain partners.

They discussed the key role Taiwan plays in global supply chains and the importance of Taiwan and the United States in strengthening supply-chain resilience and continuing to expand two-way trade and investment cooperation, the ministry added.

Taiwan also hopes to further work with the United States on infrastructure in third countries and helping Taiwan firms participate in U.S. President Joe Biden’s “Build Back Better” plan, it quoted Wang as saying.

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