Deputy Foreign Minister François Chih-chung Wu emphasized Taiwan’s importance to global chip strategies and said that the country is committed to building stable cooperation mechanisms with the international community.
Wu made the remarks during an interview in Taipei City with journalist Nicolas Stiel for an article published April 3 in Challenges, a weekly French magazine that covers economic and business topics.
The deputy minister said that, in the face of fluctuating energy markets caused by conflict in the Middle East, Taiwan has effectively maintained its energy supply through diversification and price stabilization. He said that domestic energy prices only rose slightly, demonstrating Taiwan’s high economic resilience.
Wu added that the government’s commitment to renewable energy and the evaluation of multiple energy options, including nuclear, ensures long-term supply stability as electricity demand grows as a result of ongoing technological development.
Taiwan has a comparative advantage in global competition as its economic performance benefits from industrial cooperation with the U.S. and coordination on tariffs, Wu said, adding that the country plays a crucial role in the global semiconductor supply chain. He noted that 70 percent of the world’s semiconductors and 95 percent of advanced chips are made in Taiwan, explaining that the country is an important technology partner to a world addressing the emerging challenges of artificial intelligence, quantum technology and data security.
The deputy foreign minister warned that Beijing’s attempts to seize Taiwan’s core semiconductor technology indicate its intent to dominate international technology. He added that Taiwan is working to connect more closely to the international community through key industries to strengthen deterrence. (YCH-E)
Write to Taiwan Today at ttonline@mofa.gov.tw
Wu made the remarks during an interview in Taipei City with journalist Nicolas Stiel for an article published April 3 in Challenges, a weekly French magazine that covers economic and business topics.
The deputy minister said that, in the face of fluctuating energy markets caused by conflict in the Middle East, Taiwan has effectively maintained its energy supply through diversification and price stabilization. He said that domestic energy prices only rose slightly, demonstrating Taiwan’s high economic resilience.
Wu added that the government’s commitment to renewable energy and the evaluation of multiple energy options, including nuclear, ensures long-term supply stability as electricity demand grows as a result of ongoing technological development.
Taiwan has a comparative advantage in global competition as its economic performance benefits from industrial cooperation with the U.S. and coordination on tariffs, Wu said, adding that the country plays a crucial role in the global semiconductor supply chain. He noted that 70 percent of the world’s semiconductors and 95 percent of advanced chips are made in Taiwan, explaining that the country is an important technology partner to a world addressing the emerging challenges of artificial intelligence, quantum technology and data security.
The deputy foreign minister warned that Beijing’s attempts to seize Taiwan’s core semiconductor technology indicate its intent to dominate international technology. He added that Taiwan is working to connect more closely to the international community through key industries to strengthen deterrence. (YCH-E)
Write to Taiwan Today at ttonline@mofa.gov.tw
from Taiwan Today – Top News