Sunday, October 24, 2021

Taiwan respects US laws on chip information request

TAIPEI—Taiwan respects US commercial law and regulations, but will help if Taiwanese companies receive any “unreasonable requests”, the government said Thursday after the United States was asked to provide information on the semiconductor crisis. Firms were put under pressure.

The White House last week asked automakers, chip companies and others to provide information on chip shortages that have cut US auto production, and took the lead in helping solve it.

Commerce Secretary Gina Raimondo said that a voluntary request for information within 45 days on the chips crisis will promote supply chain transparency and that if companies do not respond to the voluntary request “we have other tools in our tool box for which they need to.” We need to give the data.”

Taiwan’s economy ministry, responding to a US demand for information, said the current practice was for companies to voluntarily provide information and was not aimed solely at non-US companies. Taiwan is a leading semiconductor manufacturer.

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It added that the ministry, led by its minister Wang Mei-hua, has spoken directly to companies about the issue.

“In addition, the Taiwan and US governments have established multiple channels of communication and a smooth flow of information. Taiwan respects and understands US commercial laws and regulations,” the ministry said.

“If our companies face unreasonable demands in international competition, the government will certainly provide the necessary assistance and express concern to prevent Taiwanese companies from fighting alone in the international arena.”

Taiwan Semiconductor Manufacturing Company Limited (TSMC), the world’s largest contract chip maker, attended the White House meeting.

It later said the company was supporting and working with all stakeholders to address the shortfall, and had taken “unprecedented action to address this challenge”.

TSMC has promised to spend $100 billion over the next three years to expand chip capacity.

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This News Originally From – The Epoch Times

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