The U.S. to cooperate with Taiwan under new framework

During a call with her counterpart in Taiwan, US Commerce Secretary Gina Raimondo addressed chip supply chains, and the two would collaborate on technology, trade, and investment through a newly developed mechanism, according to her office.

The US has encouraged Taiwan, as a key chip supplier, to do more to help fix a global semiconductor shortage that has forced the closure of some auto production lines and harmed consumer goods. Taiwan claims to be doing everything possible to assist.

Raimondo, in a Monday call with Taiwan Economy Minister Wang Mei-Hua, “underscored the United States’ support for Taiwan and the importance of the U.S.-Taiwan commercial and investment relationship,” the U.S. Commerce Department said.

She also highlighted the United States’ sustained interest in cooperating with Taiwan on matters of mutual commercial concern, particularly in the field of semiconductor supply chains and related eco-systems.

Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.

Contact us