Taiwan says it has not been informed of 'Chip 4' meeting

Taiwan and South Korea are the world's two largest chip powerhouses. - Reuters

TAIPEI (Reuters): Taiwan said on Friday (Aug 19) it has not been informed about a so-called 'Chip 4' meeting that would include it, the United States, South Korea and Japan but added the island has always cooperated closely with the United States on supply chains.

South Korean Foreign Minister Park Jin this week said Seoul expects to attend a preliminary meeting of the four chip manufacturing nations, describing the gathering as US-led.

He did not elaborate on what would be discussed.

A meeting would come amid a global chip crunch that began two years ago with the onset of the pandemic and on the heels of a new US law this month called the CHIPS Act that includes $52 billion in subsidies for companies that make chips or conduct chip research in the United States.

The Biden administration has also sought deeper cooperation with Japan and South Korea to become more competitive with China's science and technology efforts.

The timing, location and other details of the Chip 4 meeting have yet to decided, said a South Korean official who was not authorised to speak to media and declined to be identified.

Taiwan's economy ministry said in a statement to Reuters late on Thursday it did not yet have any relevant information.

"In past exchanges and dialogue between Taiwan and the United States, the United States did propose similar ideas, but there was no specific content at the time," it added.

The island has been keen to show the United States, its most important international backer at a time of rising military tensions between Taipei and Beijing, that it is a reliable friend and semiconductor supplier.

Taiwan and South Korea are the world's two largest chip powerhouses.

Taiwan's TSMC controls about 54% of the global market for contractually produced chips, supplying firms such as Apple and Qualcomm which don't have their own semiconductor facilities.

South Korea is home to Samsung Electronics and SK Hynix which together supply more than half of the global memory chip market.

Asked about the meeting, Japan's Cabinet Secretary for Public Affairs Noriyuki Shikata said semiconductors are a "very strategically important industry” for Japan and that "in due course, there may be better cooperation among the countries.”

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Taiwan , US , South Korea , Chip 4 , meeting


Next In Aseanplus News

Johor traffic cop who allegedly extorted Singaporean couple assigned to another unit
Malaysian wildlife traffickers hit with US sanctions
South-East Asian Red Cross, Red Crescent societies discuss regional issues
Asean News Headlines as at 9pm on Friday (Oct 7)
Thailand killer: police depict a man stressed by job loss, money and family troubles
Cambodian opposition politician loses defamation case
Maids in Singapore must get one mandatory rest day per month from Jan 1: MOM
China holiday spending slumps as consumer demand in Asia slows
Philippine court dismisses tax case against Pacquiao
Children aged six months to four years can get primary Covid-19 vaccination from Oct 25

Others Also Read