General World News

World Semiconductor Shortage Raises Taiwan’s Bargaining Power with US

U.S. President Joe Biden’s order to secure semiconductor supply chains for high-tech hardware production offers a commercial boost to Taiwan, one of the world’s biggest providers of chips, and gives Taipei new weight in any free-trade talks, analysts say.

Biden signed an executive order Feb. 24 for the United States to start overcoming a chip shortage that has hobbled the manufacturing of vehicles, consumer electronics and medical supplies. It will trigger a review process leading to policy recommendations on how to bolster supply chains.

Taiwan comes into play as the home of Taiwan Semiconductor Manufacturing Co., which spins out more chips than details ⇒

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