The Taiwan-U.S. Semiconductor Supply Chain Cooperation Symposium was held by video message on the 5th, with AIT Director Li Yingjie (left) in attendance. (Photo source: Central News Agency)
Taiwan and the United States held the first forum on supply chain cooperation by video today (5), with the participation of 500 major companies worldwide. According to Taiwan’s Minister of Economic Affairs Wang Meihua after the meeting, the U.S. industry called on the authorities to invite Taiwan and South Korea to join together when the U.S. returns to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The comprehensive media reported that the meeting lasted for 2 hours and the symposium attracted 500 large companies from around the world to participate online, including more than 10 international large companies engaged in semiconductor equipment manufacturing, network communication equipment manufacturing, semiconductor materials, digital industry, computer equipment, consumer electronics, chip design, information security and engineering.
The Semiconductor Institute of America (SIA) reported that with the development of 5G, artificial intelligence and electric vehicles, the semiconductor industry is expected to reach $550 billion by 2025, highlighting the need for closer cooperation between Taiwan and the U.S. The SIA suggested that Taiwan and the U.S. should jointly invest in research and development and talent training exchanges.
The U.S. industry also called on the U.S. government to return to the CPTPP and invite Taiwan and South Korea to join together. In addition, the industry also suggested that the U.S. and Taiwan sign a free trade agreement (FTA) to promote bilateral cooperation.
In addition, U.S. firm Corning also praised Taiwan’s policy of protecting intellectual property rights (IPR) and business secrets, allowing the semiconductor industry to flourish, and suggested that Taiwan and the U.S. establish an international alliance for business secrets. Qualcomm indicated the possibility of cooperation with Taiwan in 5G and ORAN. TSMC, on the other hand, reported at the meeting about setting up factories in the US.
According to Wang Meihua, in addition to the director of the American Institute in Taiwan (AIT) Li Yingjie (Brent Christensen), another senior U.S. official also attended the entire meeting, while representatives of the U.S. industry, in addition to Qualcomm, Corning and other factories, representatives of public associations and the Information Technology and Innovation Foundation (ITIF), the Semiconductor Institute of America (SIA) participated in the forum.
In addition to Wang Meihua, the Taiwan side, the Ministry of Economic Affairs also attended the Under Secretary Chen Zhengqi, Trade Secretary Jiang Wenruo, Industrial Secretary Lu Zhenghua, industry representatives TSMC Vice President of Legal Affairs Fang Shuhua, Rene Vice President Huang Yiwei, UMC Chief Financial Officer Liu Qidong, the International Semiconductor Industry Association (SEMI) Taiwan President Cao Silan, and Taiwan Semiconductor Association (TSIA) Executive Director Lu Chaoqun and others.
According to Taiwan’s Ministry of Economic Affairs yesterday, this dialogue is a follow-up to last year’s “Economic Prosperity Partnership Dialogue” between Taiwan and the United States. Wang Meihua said that the next talks will be on 5G or electric vehicles.
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