Taiwan semiconductor development is key not risk to global industry: Tsai
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Loading... - Sofia Chew
- 11 Oct 2022
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President Tsai Ing-wen (蔡英文) said on Monday in her National Day speech that Taiwan's semiconductor development is the "key" to the global integrated circuit industry not a "risk" as some have suggested, and the nation will continue to maintain its lead in advanced IC technology development.
"I want to specifically emphasize one point to my fellow citizens and the international community, which is that the concentration of the semiconductor sector in Taiwan is not a risk, but is the key to the reorganization of the global semiconductor industry," Tsai said.
"We will continue to maintain Taiwan's advantages and capacity in leading-edge semiconductor manufacturing processes, and will help optimize the worldwide restructuring of the semiconductor supply chain, giving our semiconductor firms an even more prominent global role," Tsai added.
Taiwan's dominating position in the global semiconductor manufacturing has raised concerns that if China attacked, the global economy would suffer from the damage to the island's IC capability.
In late September, U.S. Secretary of State Antony Blinken warned that if Taiwan is attacked, the global economy could face devastation as most semiconductors in the world are produced there.
Blinken said in an interview with CBS's 60 minutes: "Taiwan itself, were anything to happen, it is where virtually all the semiconductors are made."
"If that's disrupted, the effects that that would have on the global economy could be devastating," the U.S. top diplomat said, expressing worries over the impact resulting from a fall in Taiwan's semiconductor industry.
In addition, Bloomberg cited unnamed sources as saying in a report last weekend that Washington is considering evacuating Taiwanese semiconductor engineers in the case of an invasion by Beijing.
"The question occupying U.S. and Taiwanese officials is the fate of the island's flagship semiconductor industry," the report said. Read More…
