Taiwan economy minister to address 'concerns' during US visit

TAIPEI – Taiwan Economic system Minister Wang Mei-hua will go to the USA subsequent week to answer what her workplace referred to as “issues” about provide chains and geopolitical points and also will go to U.S. tech corporations which can be main prospects of Taiwanese semiconductor firms.

A worldwide semiconductor scarcity has thrust chip powerhouse Taiwan into the highlight and made provide chain administration a much bigger precedence for governments world wide.

Taiwan’s place as a serious chip producer has prompted worries in the USA it's too reliant on the island, particularly at a time when China is ramping up army drills to claim its sovereignty claims.

Wang’s ministry stated on Friday that she would go away on Sunday for a week-long journey to advertise extra frequent exchanges with the USA and cooperate on international enterprise alternatives.

She may even go “to answer the issues of sides concerning the current provide chain resilience and geopolitical points via interplay and exchanges on the U.S. aspect”, it added in a press release.

Wang will meet with U.S. firms and chambers of commerce on methods to strengthen provide chain cooperation, the ministry stated.

“As well as, she may even go to business giants headquartered in Silicon Valley and carefully related to Taiwan’s semiconductor provide chain to have communications, proceed to draw funding and consolidate Taiwan’s provide chain safety and resilience.”

The ministry didn't title the businesses she would go to or any U.S. officers she may meet, though it did say she can be in Washington on Oct. 12-14 for an exhibition on Taiwanese merchandise.

Taiwan is residence to Taiwan Semiconductor Manufacturing Co Ltd, the world’s largest contract chipmaker and a serious provider to firms together with Apple Inc.

Taiwan President Tsai Ing-wen has stated that the island is dedicated to making sure its companions have dependable provides of semiconductors and has urged allies to spice up collaboration amid intensified threats from China.

However the authorities has additionally vowed to take care of Taiwan’s dominant chip-making place.