By Sarah Wu
TAIPEI (Reuters) – The US has convened the preliminary assembly of a working group with East Asian international locations to debate semiconductor provide chain resilience and cooperation, a Taiwanese official mentioned Friday.
“We exchanged views in a primary opening assembly, and hope everybody can talk about the long run on provide chain points,” Taiwan’s Financial Minister Wang Mei-hua informed reporters in Taipei. The right way to cooperate in reminiscent of now we have just lately confronted.”
The worldwide chip scarcity, which has wreaked havoc on provide chains over the previous two years and compelled auto makers to halt manufacturing, has thrust chip powerhouse Taiwan into the highlight and made provide chain administration a priority for governments around the globe. given a excessive precedence.
The preliminary assembly of the working group – dubbed ‘Chip 4’ – additionally included representatives from South Korea and Japan, Wang mentioned.
The group is residence to vital gamers within the world semiconductor business, together with Taiwan Semiconductor Manufacturing Co. Ltd., the world’s largest contract chip maker, South Korean reminiscence chip giants Samsung Electronics Co. Ltd. and SK Hynix, and semiconductor supplies and tools majors. Japanese suppliers included.
President Tsai Ing-wen informed US lawmakers final month that Taiwan is dedicated to making sure its companions have a dependable provide of semiconductors, or “democracy chips”, and to help allies amid heightened threats from China. Appealed to extend.
China claims that the democratically ruled Taiwan is its personal territory. Taiwan’s authorities has rejected China’s claims of sovereignty.
South Korea’s international ministry mentioned the nation’s high consultant in Taiwan participated in an inaugural assembly of the “US East Asian Semiconductor Provide Chain Resiliency Working Group” on Wednesday, hosted by the American Institute in Taiwan (AIT). was
AIT, the de facto US embassy in Taiwan, didn’t instantly reply to a request for remark.
Kyung Ki-hyun, who heads Samsung’s chip enterprise, mentioned earlier this month that his firm had raised considerations in regards to the proposed Chip 4 alliance, which might require South Korea to hunt China’s understanding earlier than any talks. Additionally contains
(Reporting by Sarah Wu; Extra reporting by Joyce Lee in Seoul; Modifying by Edmund Klaman)