Taiwanese President Tsai Ing-wen has vowed to help the island’s key semiconductor industry maintain its international lead in an apparent push with the United States and other like-minded countries to restructure the global supply chain and end reliance on mainland China.
The restructuring of supply chains, particularly in the semiconductor sector, was an essential part of discussions between the self-ruled island and a US delegation led by undersecretary of state Keith Krach, who visited Taipei late last week and met Taiwan Semiconductor Manufacturing Company (TSMC) founder Morris Chang.
The idea was first raised by Brent Christensen, the US de facto ambassador to Taiwan, late last month during an international investment forum.
Earlier this month, the American Institute in Taiwan (AIT), the US de facto embassy in Taipei, and the Taiwan External Trade Development Council agreed to work closer together to restructure the global supply chain and make it more resilient.
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