Taiwan says 'key position' in semiconductors won't be shaken as US passes chip Act

TAIPEI - Taiwan's"key position" in making semiconductors will not be shaken and production on the island is the most efficient way of doing things, the Economy Ministry said on Friday in response to US Congress passing a major new chips act.to subsidise the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers.

The Economy Ministry noted that it is"happy to see" Taiwanese firms being able to access"resources on the ground" when they operate around the world, and to establish good relations in the US supply chain. "After 50 years of continuous innovation, investment and generations of talent, our country's semiconductor manufacturing efficiency, supply chain integrity and innovation energy have always been at the world's top, and Taiwan's key position in semiconductors will not be shaken."

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