TAIPEI (Reuters) – U.S. Commerce Secretary Gina Raimondo mentioned chip provide chains throughout a name along with her reverse quantity in Taiwan and the 2 will cooperate on expertise commerce and funding by way of a newly established mechanism, her workplace stated.
The United States has repeatedly pressed Taiwan, as a serious chip producer, to do extra to assist resolve a worldwide scarcity of semiconductors which has shuttered some auto manufacturing traces and impacted client items.
Taiwan says it’s doing all it could possibly to assist.
Raimondo, in a Monday name with Taiwan Economy Minister Wang Mei-hua, “underscored the United States’ assist for Taiwan and the significance of the U.S.-Taiwan business and funding relationship,” the U.S. Commerce Department stated.
“She additionally expressed the United States’ continued curiosity in working along with Taiwan on problems with frequent business concern, significantly within the space of semiconductor provide chains and associated eco-systems.”
The United States and Taiwan will cooperate by way of a new Technology Trade and Investment Collaboration, or TTIC, framework, to develop business programmes and discover methods to strengthen essential provide chains, it added.
Raimondo and Wang additionally dedicated to “figuring out different steps to assist semiconductors and different essential provide chains”.
(Reporting by Ben Blanchard; Editing by Stephen Coates)
