{"id":1673064,"date":"2022-10-05T01:05:22","date_gmt":"2022-10-05T05:05:22","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1673064"},"modified":"2022-10-05T01:05:56","modified_gmt":"2022-10-05T05:05:56","slug":"taiwan-vows-to-protect-its-firms-interests-at-u-s-led-chip-4-group","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/taiwan-vows-to-protect-its-firms-interests-at-u-s-led-chip-4-group\/","title":{"rendered":"Taiwan vows to protect its firms\u2019 interests at U.S.-led \u2018Chip 4\u2019 group"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftaiwan-vows-to-protect-its-firms-interests-at-u-s-led-chip-4-group%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1673064&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>TAIPEI (Reuters) \u2013     Taiwan will use the new U.S.-led \u201cChip 4\u201d group to safeguard the interests of Taiwanese companies and to ensure supply chain resilience, a deputy minister said on Wednesday, though he added that the group had no agenda yet.<\/p>\n<p>A preliminary meeting of the group took place last week with representatives from Taiwan, the United States, South Korea and Japan attending.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>A global semiconductor shortage has thrust chip powerhouse Taiwan into the spotlight and made supply chain management a bigger priority for governments around the world.<\/p>\n<p>Taiwan Deputy Economy Minister Chen Chern-chyi told reporters in Taipei that chipmaking required collaboration to ensure a \u201cvery resilient supply chain\u201d.<\/p>\n<p>\u201cWe will use that platform to strive to safeguard our companies\u2019 interest,\u201d he said, but added that the group not started formal meetings.<\/p>\n<p>Taiwan President Tsai Ing-wen has said that the island is committed to ensuring its partners have reliable supplies of semiconductors and has urged allies to boost collaboration amid intensified threats from China.<\/p>\n<p>Beijing claims democratically governed Taiwan as its own territory. Taiwan\u2019s government rejects China\u2019s sovereignty claims.<\/p>\n<p>The \u201cChip 4\u201d group\u2019s Asian members are home to the world\u2019s largest contract chip maker Taiwan Semiconductor Manufacturing Co Ltd, South Korean memory chip giants Samsung Electronics Co Ltd and SK Hynix, and key Japanese suppliers of semiconductor materials and equipment.<\/p>\n<p>The establishment of the group also comes on the heels of a new U.S. law passed in August that includes $52 billion in subsidies for companies that make chips or conduct chip research in the United States, as Washington looks to lessen U.S. reliance on Asia for semiconductors.<\/p>\n<p>Asked about the United States wanting to reduce its reliance on manufacturing in Taiwan, Chen said Taiwan\u2019s chip industry has a well integrated supply chain and a very good workforce.<\/p>\n<p>\u201cFrom the government\u2019s perspective we think Taiwan\u2019s advantage and Taiwan\u2019s edge in developing the most advanced manufacturing technology will always be here in Taiwan.\u201d<\/p>\n<p>But the government is happy to see Taiwanese chip firms investing in like-minded countries, he added.<\/p>\n<p>\u201cWe think that will only deepen and strengthen our relations.\u201d<\/p>\n<p> (Reporting by Ben Blanchard; Editing by Edwina Gibbs)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/taiwan-says-will-protect\/attachment\/file-photo-illustration-picture-of-semiconductor-chips-on-a-circuit-4\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9405F-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9405F-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TAIPEI (Reuters) \u2013 Taiwan will use the new U.S.-led \u201cChip 4\u201d group to safeguard the interests of Taiwanese companies and to ensure supply chain resilience, a deputy minister said on<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1673064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1673064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1673064"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1673064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1673064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1673064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1673064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}