Taiwan and the US can build “dream teams” in semiconductors, electric vehicles (EV) and next-generation communication systems to advance global economic development, Minister of Economic Affairs Wang Mei-hua (王美花) said on Tuesday in Washington.
The global chip shortage and inflationary pressure prompted by the COVID-19 pandemic and Russia’s invasion of Ukraine have made it more urgent for Taiwan and the US to enhance cooperation and stabilize global supply chains, Wang said.
Amid global economic challenges, industrial collaboration between Taiwan and the US, especially in semiconductors, EVs, 5G wireless technology and other next-generation mobile data networks would be pivotal in driving the global economy, Wang said in her opening remarks at an industrial forum.
Photo courtesy of the Ministry of Economic Affairs
Taiwanese and US companies play crucial roles in the global supply chains of those industries, Wang told the forum cohosted by companies participating in the Technology Trade and Investment Collaboration Framework (TTIC).
As an example, Wang said, Taiwan serving IC design firms in the US by providing manufacturing capacity has proven to be the most efficient production model in the world.
In the EV industry, Taiwan’s prowess in the information and communications technology (ICT) sectors is viewed by US EV brands as essential to developing control systems and LCD display products for vehicles, she said.
Meanwhile, Taiwan’s technological strengths in building the infrastructure required for next-generation cellular networks make local companies great partners for American telecommunication and cloud service providers, Wang said.
Wang is leading a delegation that arrived in the US on Sunday and to leave on Sunday. It is there primarily to attend the TTIC meeting today, the first since the body was established in December last year for Taiwan and the US to develop commercial programs and enhance critical technology supply chains.
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