Taiwan’s “key position” in semiconductor manufacturing will not be shaken and production on the island is the most efficient way of doing things, the economy ministry said on Friday in response to the passage by the United States Congress of a major new chip law.
The U.S. House of Representatives on Thursday passed sweeping legislation aimed at subsidizing the domestic semiconductor industry as it competes with Chinese and foreign manufacturers.
Taiwan is a major chip producer, home to Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker, which is also investing $12 billion (about Rs. 95,000 crore) in a new factory in Arizona.
The Economy Ministry said it was “happy to see” Taiwanese companies being able to access “resources on the ground” when operating around the world and building good relationships in the US supply chain.
At the same time, Taiwan is an advanced global semiconductor manufacturing center with the strongest and most competitive production model, he added.
“After 50 years of continuous innovation, investment and generations of talent, our country’s semiconductor manufacturing efficiency, supply chain integrity and innovative energy have always been on top of the world, and Taiwan’s key position in semiconductors will not be shaken.
Taiwan has always been a partner of the world, as demonstrated by its efforts to alleviate auto chip supply chain issues, and the “made in Taiwan” model of semiconductor manufacturing is the most efficient and more reliable to do things, he said.
“Whether in the past, present or future, Taiwan will continue to play the role of an indispensable partner in the global supply chain.
Taiwan has been keen to show the United States, its most important international supporter at a time of growing military tensions between Taipei and Beijing, that it is a reliable friend as a global chip crisis impacts auto production. and consumer electronics.
But the Taiwanese government is also determined to keep the majority of advanced chip manufacturing at home.
China had lobbied against the US semiconductor bill, calling it a “Cold War mentality” and “contrary to the common aspiration of the peoples” of the two countries.
© Thomson Reuters 2022
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