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.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
RSS