Taiwan reinforces its position as a global semiconductor powerhouse
- A semiconductor supply chain cluster was launched in Pingtung on May 19, marking a significant development in Taiwan's high-tech industry.
- The initiative aims to strengthen the local economy, with extensive plans for enhanced transportation infrastructure and job creation.
- This progress reflects Taiwan's strategic importance in the global semiconductor market, producing a large share of the world’s semiconductors.
In southern Taiwan, a significant milestone occurred with the launch of a new semiconductor supply chain cluster on May 19, as initiated by the National Science and Technology Council, the Pingtung County Government, and Taiwan Semiconductor Manufacturing Company. This event was held at the Pingtung Science Park, attended by Premier Cho Jung-tai and over 200 specialists from academia and industry. The premier emphasized that Taiwan's semiconductor industry is well-established, with a comprehensive supply chain that includes integrated circuit design, wafer manufacturing, and testing primarily led by companies like TSMC and MediaTek Inc., ensuring Taiwan's critical position in the global market. Additionally, the Taiwanese government is actively enhancing connectivity between Pingtung and major cities to stimulate growth. The plans include a new expressway and the extension of the Taiwan High Speed Rail, both aimed at integrating Pingtung into the broader southern Taiwan semiconductor corridor. Such transportation developments are expected to facilitate job creation, attract overseas talents, and strengthen collaboration between universities and industry, thereby fostering sustainable industrial growth. During a separate interview with Asharq Al-Awsat, Foreign Minister Lin Chia-lung highlighted Taiwan's ambition to collaborate with global partners to create resilient supply networks, particularly in light of the COVID-19 pandemic and geopolitical tensions like the Russia-Ukraine war. Taiwan’s semiconductor capabilities are vital for maintaining secure supply chains, as the island accounts for 60 percent of the world’s semiconductor production. Lin stressed the importance of Taiwan’s relationship with the United States, referencing investments in the semiconductor sector as a pathway to job creation and economic growth in the U.S. With Taiwan producing the majority of advanced chips, the government's strategy aims to leverage Taiwan's strengths by promoting innovation and continuous collaboration with allies. The ambitions presented during these events demonstrate Taiwan's commitment to solidifying its role as an essential player in the global high-tech industry and adapting to current global economic challenges.