December 8, 2021: -U.S. Commerce Secretary Gina Raimondo discussed semiconductor supply chains in a call with her opposite number in Taiwan. Her office said that the two would cooperate on technology, trade, and investment through a newly established mechanism.
As a significant chip producer, the United States has pressed Taiwan to help resolve a global shortage of semiconductor, shuttering some auto production lines and impacting consumer goods.
Taiwan is saying that it is doing all it can to help. In a Monday call with Taiwan Economic 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 expressed the United States’ continued interest in working together with Taiwan on issues of common commercial concern, particularly in the area of semiconductor supply chains and related eco-systems.”
The United States and Taiwan will cooperate through a new Technology Trade and Investment Collaboration, or TTIC, framework, to develop commercial programs and explore ways to strengthen critical supply chains, it added.
Raimondo and Wang also committed to “identifying other steps to support semiconductor and other critical supply chains.”
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