Chip production, global supply chain will be secure if Taiwan remains safe, Minister said

Taiwan’s Economy Minister Wang Mei-Hua said during a visit to the United States on Tuesday that if Taiwan remained safe, the global supply chains of key semiconductors would also be secure.

Wang made the comments at an event hosted by Washington’s Center for Strategic and International Studies, as China stepped up military pressure on Taiwan, which produces the majority of advanced computer chips. best of the world.

Wang will be in the US this week to respond to what her office calls “concerns” about supply chain and geopolitical issues, and visit US technology companies that are customers. of Taiwanese semiconductor companies.

She said Taiwan looks forward to more cooperation between Taiwan and the United States to ensure a sustainable supply chain.

Wang said that given Taiwan’s key role in the high-tech sector, China would also be affected if it interferes in Taiwan.

She said that if the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co., Ltd (TSMC), has been taken over by military force, which would cease its operation. Wang also quoted US Secretary of State Antony Blinken as saying that if anything happens to Taiwan, the impact on the global economy will be “devastating”.

“I’d say it in a different way,” she said. “If Taiwan is safe, the global supply chain will be safe too. It is in the world’s greatest interest for Taiwan to work with the US and other allies to maintain the most efficient production operations. .”

Wang said Taiwan appreciates the bipartisan support in the US Congress in strengthening Taiwan-US relations and reiterated Taipei’s comments on US law cutting China off from some Semiconductor chips are made with US equipment, and said that Taiwanese companies will follow international regulations.

When asked if Taiwan was concerned that US government subsidies to encourage acquisition of chip manufacturing could reduce US dependence on Taiwan, she said the semiconductor supply chain. Taiwan’s LED has been built for more than 40 years.

“We have a very large supply chain in Taiwan, which is difficult to duplicate or replace.” she speaks.

© Thomson Reuters 2022

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