U.S. Commerce Secretary discusses chip supply chains with Taiwan

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U.S. Commerce Secretary discusses chip supply chains with Taiwan

TAIPEI Reuters -- U.S. Commerce Secretary Gina Raimondo discussed chip supply chains during a call with her opposite number in Taiwan, and the two will cooperate on technology trade and investment through a newly established mechanism, her office said.

The United States has repeatedly pressed Taiwan, a major chip producer, to do more to deal with a global shortage of semiconductors that has shuttered some auto production lines and impacted consumer goods.

Taiwan is doing all it can to help.

Raimondo spoke to Taiwan Economy Minister Wang Mei-hua on Monday, emphasising the United States' support for Taiwan and the importance of the U.S.- Taiwan commercial and investment relationship, the U.S. Commerce Department said.

She stated that the United States is interested in working together with Taiwan on issues of common commercial concern, particularly in the area of semiconductor supply chains and related ecosystems. The United States and Taiwan will cooperate in a new Technology Trade and Investment Collaboration framework to develop commercial programmes and explore ways to strengthen critical supply chains, it added.

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