Taiwan’s economy minister to address ‘concerns’ during US visit
TAIPEI, Oct 7 (Reuters) – Taiwanese Economy Minister Wang Mei-hua will travel to the United States next week to address what his office said are “concerns” about supply chains and geopolitical issues. He will also visit US technology companies which are major customers of Taiwanese semiconductor companies.
A global shortage of semiconductors has thrust Taiwan into the limelight and made supply chain management a higher priority for governments around the world.
Taiwan’s position as a major chip producer has raised concerns in the United States over its reliance on the island, especially at a time when China is stepping up military exercises to assert its sovereignty claims.
Wang’s ministry said Friday that she would depart on a week-long trip on Sunday to promote more frequent exchanges with the United States and cooperate on global business opportunities.
It will also “address parties’ concerns regarding recent supply chain resilience and geopolitical issues through interactions and exchanges on the US side,” it added in a statement.
Wang will meet with U.S. enterprises and chambers of commerce on ways to boost supply chain cooperation, the ministry said.
“In addition, she will also visit industry giants based in Silicon Valley and closely related to Taiwan’s semiconductor supply chain to have communications, continue to attract investment and consolidate security and resilience. of Taiwan’s supply chain.”
The ministry did not name which companies she would visit or which U.S. officials she might meet, though it said she would be in Washington from Oct. 12-14 for an expo on Taiwanese products.
Taiwan is home to Taiwan Semiconductor Manufacturing Co Ltd, the world’s largest contract chipmaker and a major supplier to companies such as Apple Inc.
Taiwanese President Tsai Ing-wen said the island is committed to ensuring partners have a reliable supply of semiconductors and urged allies to strengthen collaboration in the face of escalating Chinese threats.
But the government has also pledged to maintain Taiwan’s dominance in chip manufacturing. (Reporting by Ben Blanchard)