CNNislands

Taiwan says U.S.-led ‘Chip 4’ group mentioned provide chain resilience By Reuters

4

[ad_1]


© Reuters. FILE PHOTO: A printed circled board and chips are pictured on the Taiwan Semiconductor Analysis Institute (TSRI) at Hsinchu Science Park in Hsinchu, Taiwan, September 16, 2022. REUTERS/Ann Wang/File Photograph

By Sarah Wu

TAIPEI (Reuters) – The US convened a preliminary assembly of a working group with East Asian international locations to debate semiconductor provide chain resilience and cooperation, a Taiwan official stated on Friday.

“We exchanged views at a primary preliminary assembly, and hope everybody can focus on how one can collaborate sooner or later on provide chain issues like those we not too long ago encountered,” Taiwan Financial system Minister Wang Mei-hua advised reporters in Taipei.

The worldwide chip scarcity, which over the previous two years has wreaked havoc on provide chains and compelled automakers to halt manufacturing, thrust chip powerhouse Taiwan into the highlight and made provide chain administration an even bigger precedence for governments all over the world.

The preliminary assembly of the working group – which has been dubbed ‘Chip 4’ – additionally included representatives from South Korea and Japan, Wang stated.

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 (OTC:) Co Ltd and SK Hynix, and key Japanese suppliers of semiconductor supplies and tools.

President Tsai Ing-wen final month advised visiting U.S. lawmakers that Taiwan is dedicated to making sure its companions have dependable provides of semiconductors, or “democracy chips”, and urged allies to spice up collaboration amid intensified threats from China.

China claims democratically ruled Taiwan as its personal territory. Taiwan’s authorities rejects China’s sovereignty claims.

South Korea’s international ministry stated the nation’s high consultant in Taiwan attended a preliminary assembly of “the U.S. East Asian Semiconductor Provide Chain Resiliency Working Group” on Wednesday, hosted by The American Institute in Taiwan (AIT).

AIT, the de facto U.S. embassy in Taiwan, didn’t instantly reply to a request for remark.

Kyung Kye-hyun, who heads Samsung (KS:)’s chip enterprise, stated earlier this month that his firm has conveyed issues concerning the proposed Chip 4 alliance, together with the necessity for South Korea to hunt China’s understanding earlier than any negotiations.

[ad_2]
Source link