Lai Pitches for Stronger Global Chip Supply Chain at Semicon Taiwan

President Lai Ching-teh says Taiwan is helping to stabilize the global semiconductor supply chain by building a network of trusted partners. In the face of natural disasters, epidemics, or geopolitical changes, we can support and share the risks together to build a more resilient supply chain so that all countries and companies can produce in a stable manner. Lai was speaking at the Semicon Network Summit in Taipei. Taiwan's shipmakers have been investing heavily in manufacturing abroad, with TSMC opening new fabs in the U.S., Japan, and Germany. U.S. and EU officials say this diversification is about cooperation and resilience, not about protecting their markets. But the idea is to have a two-fold strategy, to strengthen our domestic supply, to strengthen our domestic ecosystem, and at the same time to strengthen the cooperation with those countries American officials also said that Taiwan and the U.S. are partners in securing semiconductor technology.