TAIPEI (Reuters) – The us will hold talks with Taiwan next month to discuss new U. S i9000. legislation designed to boost the American semiconductor market, the top U. Ersus. diplomat in Taipei said on Wed.
Last 30 days, U. S. Leader Joe Biden authorized into law the particular Chips and Science Act, which authorised about $52 billion in government subsidies for U. H. semiconductor production plus research, as well as a great investment tax credit meant for chip plants approximated to be worth $24 billion.
The United States has been encouraging foreign tech firms in order to manufacture in the country, and the government has welcomed investments by Taiwan’s TSMC and GlobalWafers Co.
Sandra Oudkirk, director of the American Institute within Taiwan, told an industry forum that the US-Taiwan Technology Trade plus Investment Collaboration platform, or TTIC, has helped elevate and prioritise U. T. -Taiwan economic engagements.
“The TTIC is a powerful platform which we are already using to address difficulties in the semiconductor space, such as critical nick shortages which adversely affect multiple industry sectors, ” the girl said of the framework, which was launched last year.
The next “engagement” under the framework will happen in Washington through Oct. 12-14, the girl added.
“At this event, we plan to host a roundtable discussion to share more on how the Chips plus Science Act is going to be implemented in the United States, ” Oudkirk said, with no elaborating.
“In addition to Taiwan purchases in hardware plus technology via the incentives provided by the Potato chips and Science React, the United States seeks Taiwan’s industry’s continued support as we connect skill here and the innovative ecosystem here towards the United States and other like-minded partners. ”
Taiwan has been confident to show the United States, its most important international backer and arms provider despite the lack of official diplomatic ties, that it is a reliable friend as a global chip crunch continues to impact car production and electronics.
TSMC, a major Apple Inc supplier and the world’s biggest contract chipmaker, is usually constructing a $12 billion plant within the U. S. state of Arizona.
(Reporting by Dorothy Wu; Writing by Ben Blanchard; Modifying by Kenneth Maxwell)