US, Taiwan discuss chips supply again, to cooperate under new framework

United States Commerce Secretary Gina Raimondo (left) had a call with Taiwan Economy Minister Wang Mei-hua on Dec 6, 2021. PHOTOS: REUTERS,AFP

TAIPEI (REUTERS) - United States Commerce Secretary Gina Raimondo discussed chip supply chains during a call with her counterpart in Taiwan and the two will cooperate on technology trade and investment through a newly established mechanism, her office said.

The US has repeatedly pressed Taiwan, as a major chip producer, to do more to help resolve a global shortage of semiconductors which has shuttered some vehicle production lines and impacted consumer goods.

Taiwan says it is doing all it can to help.

Ms Raimondo, in a Monday (Dec 6) call with Taiwan Economy Minister Wang Mei-hua, "underscored the United States' support for Taiwan and the importance of the US-Taiwan commercial and investment relationship" the US Commerce Department said.

"She also expressed the United States' continued interest in working together with Taiwan on issues of common commercial concern, particularly in the area of semiconductor supply chains and related eco-systems," the department said.

The US and Taiwan will cooperate through a new Technology Trade and Investment Collaboration, or TTIC, framework, to develop commercial programmes and explore ways to strengthen critical supply chains, it added.

Ms Raimondo and Ms Wang also committed to "identifying other steps to support semiconductors and other critical supply chains".

Taiwan's Economy Ministry cited Ms Wang as saying that Taiwan and the United States were long-term and reliable supply-chain partners.

They discussed the key role Taiwan plays in global supply chains and the importance of Taiwan and the United States in strengthening supply-chain resilience and continuing to expand two-way trade and investment cooperation, the ministry added.

Taiwan also hopes to further work with the United States on infrastructure in third countries and helping Taiwan firms participate in US President Joe Biden's "Build Back Better" plan, it quoted Ms Wang as saying.

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