Top chip-maker Taiwan just set up a new trade framework with the US

United States News News

Top chip-maker Taiwan just set up a new trade framework with the US
United States Latest News,United States Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 64 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 51%

Taiwan, the world's biggest chip-maker, just set up a new trade framework with the US amid tensions with China

In the call, Raimondo and Wang"committed to identifying other steps to support semiconductors and other critical supply chains."

"Working together, we can build business connections and generate further investments which will ultimately create good-paying jobs, strengthen critical supply chains, and deepen our overall economic relationship," Raimondo said in the call. The partnership comes amid escalating tensions between China and independently governed Taiwan, which Beijing views as a breakaway province. China's air force has beenTaiwanese airspace frequently in recent months and staging military exercises near the island, prompting fears of a military conflict.

On Wednesday, Assistant Secretary of Defense Ely Ratner told the Senate Foreign Relations Committee that"bolstering Taiwan's self-defenses is an urgent task." Ratner referred to China's actions as"destabilizing" and"intentionally provocative," according to a"Indeed, our economy — like many others around the world — has come to count on Taiwan as a critical supplier of high-technology, including semiconductors," said Ratner.

"Everybody wants to have a peaceful Taiwan Strait. Because it is to every country's benefit, but also because of the semiconductor supply chain in Taiwan, no one wants to disrupt it," Liu said, according to a

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nicaragua cuts ties with Taiwan, switches side to ChinaNicaragua cuts ties with Taiwan, switches side to ChinaManagua says 'there is only one China existing in the world,' in a recognition of the 'One China' policy and reducing Taipei's dwindling pool of international allies.
Read more »

China tells U.S. to shut up and dribbleChina tells U.S. to shut up and dribble.thereidout Blog: Chinese officials are fuming over President Biden's decision to stage a diplomatic boycott of the 2022 Winter Olympics in Beijing.
Read more »

US lawmakers reject Instagram chief's self-regulation pitchUS lawmakers reject Instagram chief's self-regulation pitchUS senators examining social media's negative effects on young people have dismissed as 'a public relations tactic' some safety measures announced by Facebook's popular Instagram platform
Read more »

COVID Cases Spike Even As US Hits 200M Vaccine MilestoneCOVID Cases Spike Even As US Hits 200M Vaccine MilestoneThe increases are due almost entirely to the delta variant and affecting mostly unvaccinated people.
Read more »

US announces funds to support independent journalism and reporters targeted for their workUS announces funds to support independent journalism and reporters targeted for their workThe US will provide new funding to protect reporters targeted because of their work and support independent international journalism, Secretary of State Antony Blinken said Monday at the opening of the virtual Summit for Democracy.
Read more »

US orders arms embargo on Cambodia, cites Chinese influence | AP NewsUS orders arms embargo on Cambodia, cites Chinese influence | AP NewsBANGKOK (AP) — The U.S. has ordered an arms embargo on Cambodia, citing deepening Chinese military influence, corruption and human rights abuses by the government and armed forces in the Southeast Asian country.
Read more »



Render Time: 2025-02-25 03:37:06