US, Taiwan to Cooperate Under New Chip Investment Framework
The U.S. and Taiwan will work together on a new Technology Trade and Investment Collaboration framework, which will look to “strengthen critical supply chains,” including those involving semiconductors, the Commerce Department said Dec. 6. The framework, announced after a call between Commerce Secretary Gina Raimondo and Taiwan Minister of Economic Affairs Mei-hua Wang, will look to promote Taiwan investment in the U.S., Commerce said.
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“Working together, we can build business connections and generate further investments which will ultimately create good-paying jobs, strengthen critical supply chains, and deepen our overall economic relationship,” Raimondo said. The announcement comes a year after the Taiwan Semiconductor Manufacturing Company agreed to build a chip factory in Arizona (see 2005150033) and as the U.S. heavily scrutinizes foreign investments in the U.S. semiconductor sector, especially involving Chinese companies (see 2110140035).