It “will not be long” before Taiwan and the US start negotiations under the Taiwan-US 21st Century Trade Initiative, Minister Without Portfolio John Deng (鄧振中) said on Saturday.
Preparations in Taiwan and the US are proceeding as planned, and the two sides would soon announce the date for the formal beginning of talks, said Deng, Taiwan’s chief trade negotiator.
US National Security Council Indo-Pacific Coordinator Kurt Campbell on Friday said that US officials are developing an “ambitious road map for trade negotiations” that would be announced “in the coming days.”
The first round of negotiations is likely to focus on topics on which the two sides share similar views, such as those related to bilateral ties and issues that have been discussed in detail at WTO and APEC forums, Deng said.
The two sides will hopefully wrap up negotiations before the start of an APEC summit hosted by the US late next year, he said.
The initiative, launched on June 1, seeks to facilitate discussions leading to a trade agreement between Taiwan and the US, with topics ranging from best practices to facilitate trade, digital trade, efforts to fight corruption, small and medium-sized enterprises, environmental protection and nonmarket economies.
CHIEF OPERATING OFFICERS: Y.J. Mii, who is in charge of R&D, and Y.P. Chyn, who is responsible for fab operations and management, start their new positions today Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday promoted Y.J. Mii (米玉傑) and Y.P. Chyn (秦永沛) as co-chief operating officers (COO) of the world’s biggest contract chipmaker, signaling the formation of a succession team. The latest executive reshuffle comes after TSMC chairman Mark Liu (劉德音) in December last year announced that he is to retire this year. CEO C.C. Wei (魏哲家) has been recommended as his successor while continuing to serve in his current position. Mii and Chyn, as well as the company’s human resources, finance, legal and corporate planning units, are to report directly to Wei, a company statement released after the
SEMICONDUCTORS: Under India’s chipmaking incentive plan, the government would bear half the cost of any approved project, with an initial budget of US$10 billion for the task The Indian government, after years of watching from the sidelines of the chips race, now has to evaluate US$21 billion of semiconductor proposals and divvy up taxpayer support between foreign chipmakers, local champions or some combination of the two. Israel’s Tower Semiconductor Ltd is proposing a US$9 billion plant, while India’s Tata Group has put forward an US$8 billion chip fabrication unit, people familiar with the matter said. Both projects would be in Indian Prime Minister Narendra Modi’s home state of Gujarat, the people said. Semiconductors have grown into a key geopolitical battleground, with the US, Japan and China investing heavily in
AI PRIORITIZED: Analysts said the move was a good strategic decision for Apple, which was still years away from producing a vehicle and facing a cooling market Apple Inc is canceling a decade-long effort to build an electric vehicle (EV), people with knowledge of the matter said, abandoning one of the most ambitious projects in the history of the firm. Apple made the disclosure internally on Tuesday, surprising about 2,000 employees working on the project, the sources said. The decision was shared by Apple chief operating officer Jeff Williams and Kevin Lynch, a vice president in charge of the effort, the sources said. The two executives told staff that the project would begin winding down and that many employees on the EV team — known as the Special Projects Group
The Japanese government-backed research group developing semiconductors is to partner with US start-up Tenstorrent Inc on the design of its first advanced artificial intelligence (AI) chip. Tenstorrent, led by Tesla Inc and Apple Inc veteran Jim Keller, would license its design for part of Japan’s AI accelerator and also codesign the overall chip, the US company said yesterday at a joint event in Tokyo. Working with the open-source RISC-V standard, Tenstorrent aims to provide customers with an alternative to the leaders Nvidia Corp and Arm Holdings PLC, who have their own so-called instruction sets to communicate between hardware and software. The government is